Gold FuturesLong
Gold Heading For Second All-Time Monthly Closing High
The highest that gold price has ever closed on a monthly basis was $1,831/oz in August of 2011.
If traders can close June out above $1,773/oz this will be the second highest monthly closing price for gold on record.
Gold is moving higher because trillions of dollars are being printed and gold is a store of value, used to protect wealth during times of uncertainty.
It is certain that central banks will continue printing money for the foreseeable future.
More money = more inflation = higher gold prices.
If traders can close June out above $1,773/oz this will be the second highest monthly closing price for gold on record.
Gold is moving higher because trillions of dollars are being printed and gold is a store of value, used to protect wealth during times of uncertainty.
It is certain that central banks will continue printing money for the foreseeable future.
More money = more inflation = higher gold prices.
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