Bloomberg Senior Commodity Strategist: Bitcoin and Gold Set To Shine in H2 2021 cryptoglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cryptoglobe.com Daily Mail and Mail on Sunday newspapers.
Monday, 5/17/2021 14:25
GOLD PRICES climbed to more than 3-month highs at $1855 per ounce Monday morning as real interest rates on US debt fell to 3-month lows amid a rush to re-impose Covid lockdowns in Asia, where the latest Chinese economic data came in weaker than analysts forecast, writes Atsuko Whitehouse at BullionVault. Spot gold prices jumped 1.1% in early London trading, touching the highest since 10 February and extending last week s 0.6% gain before falling back $10 per ounce to $1845 as the start of New York trading began. Real interest rates on inflation-protected US Treasury bonds fell to minus 0.93%, while the implied rate of inflation across the next decade reached a fresh 8-year high at 2.55% per annum.
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