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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.