Gold Price Rebounds with Stocks on Strong US Inflation Data
Gold prices sank and then rallied straight back up on stronger than expected US inflation data Wednesday, with Western stock markets also rebounding
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Gold prices sank and then rallied straight back up on stronger than expected US inflation data Wednesday, with Western stock markets also rebounding
The global gold market saw a solid start to 2022, with first quarter demand (excluding OTC) up 34% year-on-year, thanks to strong ETF flows, reflecting gold’s status as a safe haven investment during times of geopolitical and economic uncertainty.
The Ukraine invasion and surging inflation were key factors driving both the gold price and demand. Click here to know more...
Gold, silver and palladium rallied today from Monday's steep price falls as the People's Bank of China tried to boost its economy and the Yuan amid worsening Covid lockdowns
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