This month’s new highs in the price of #gold is not unusual. We have had over twenty new highs so far this year.
What I find more notable:
(i) Recent highs have been accompanied by a significant broadening of the commodity rally; and
(ii) Drivers now encompass a wider set of… pic.twitter.com/TnynVeWSnQ
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Holger Zschaepitz
Schuldensuehner
Currently the most exciting monitor on the @TheTerminal GLCO: The Global Commodity Prices Overview. It shows new records for #Gold, sharp movements in Nickel and Copper, and a significant rise in #Sugar today. pic.twitter.com/m2FglasSAe
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jeroen blokland
jsblokland
Gold just made another all-time high against the US Dollar!
#Gold is up nearly 7% this month. What is driving the massive rally that started in October last year?
- Non-Western #centralbanks diversifying their currency #reserves.
- Accelerated #China central bank buying,… pic.twitter.com/PsTSguuszU