Gold’s gain on the month is not the story; yesterday’s close is - KITCO
Gold’s gain on the month is not the story; yesterday’s close is - KITCO
Source: KITCO
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DW NOTE
Gold closed July at $4,109 — down 22.8% from January's $5,318 high. When a metal drops nearly a quarter in seven months during an inflation cycle with 10-year yields at 4.68%, the monthly gain is statistical noise. The story is that central banks who bought at the peak are now sitting on paper losses measured in billions.