Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Or to view things another way, note that out of the past 14 days gold’s price has gone up 8 them.
On a relative basis, silver was the worst performer out of all 5 of the assets in the metals asset class today.
Look at the fines all banks have paid for manipulating gold price.
One, the share prices of the gold companies, particularly the producers, for several years lagged the rise in the metal’s price….
Out of the 5 instruments in the metals asset class, gold ended up ranking 3rd for the day in terms of price change relative to the previous day.
But what about the gold mining sector as opposed to the metal they produce, or for which they explore?…
A rising #gold price is what central bankers fear most.
Then put up the gold price to 30 & same time devalued the dollar.
However, similar to the lbma gold price, the lme gold reference prices also represent trading of unallocated (synthetic) gold in the london market, and not the trading of physical gold….