Gold Price Rises Significantly
Since the low of $1,677 on March 31, 2021, Gold has shown a significant rally. Currently, the gold price is moving around $1,910 per troyounce. In percentage terms, this is an increase of nearly 14% from the low at the end of March this year.
Fundamental Analysts say that “Fear of Inflation Getting out of Control” is the biggest driver of Gold demand.
As is usually the case, this fundamental analysis is done after the fact. But from my point of view, I think this is too easy because there is no money to be made with “Hindsight Analyses”.
Leave a Reply