Factors that pushed gold price higher!
Swiss gold exports hit 10 month high in March World Gold Council (WGC) j ust released, Gold Market Commentary, under the heading of Inflation, falling yields and the US dollar pushed gold higher, said, “Looking forward, we expect inflation concerns and the direction of rates to remain an important driver of gold prices, while rising Covid cases could weigh on consumer demand but support investment.” Looking ahead the Commentary says, rates dominate but Covid poses risks! Rising inflation expectations and questions around central bank tapering are front-and-centre for investors. Despite recent increases in inflation, central banks have maintained their accommodative stance in words and actions. Markets remain nervously poised for the outcome of rising inflation and central banks' reactions to it. While yields in the US moderated during April, they continued to rise across Europe and parts of Asia. Gold’s increased sensitivity to changes in interest rates mean...