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Gold ETFs Set for 1st Monthly Expansion in 8 as Bitcoin's Volatile Losses Continue


Monday, 5/24/2021 14:45
GOLD PRICES held firm near 4.5-month highs Monday lunchtime in London, trading around $1880 per ounce after investors made net inflows to gold-backed ETF trust funds, speculators grew their bullish bets further on Comex derivatives, and crypto-currency Bitcoin hit more extreme volatility over the weekend,
writes Atsuko Whitehouse at BullionVault.
 
The spot gold price rose another 0.5% in early trade to reach $1882 per ounce – its highest since early January – after rising 3 weeks in a row.
 
After this recent run, gold is ready for a correction, says the latest daily gold-price and precious metals note from Rhona O Connell at brokerage Stone X Group Inc.  ....

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