Gold hits highest level in three months as traders worry about US inflation and bond market jitters – business live
Spot gold touches almost $4,700 an ounce and Bitcoin tops $80,000 while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with itIpek Ozkardeskaya, senior analyst at Swissquote, has sent us her thoughts on gold.Renewed appetite for gold despite elevated long-term US yields is striking and sends a clear message: investors are moving back to the precious metal as:A hedge against unclear US fiscal plans and the lack of conviction in the US administration’s…
Source: www.theguardian.com