Home Finance Commentary on the gold market: Above for a long time: inflation, not growth

Commentary on the gold market: Above for a long time: inflation, not growth

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New – excessive fatigue?

Gold had one other good month in April, gaining 4% to finish the month at US$2,307 per ounce. In distinction to March, gold completed off its intra-month excessive on doubtless purchaser restraint and profit-taking, mirrored in falling Chinese language premiums, decrease Indian imports and a flat underlayThe North American Gold ETF is flowing

greenback (oz)

euro (oz)

JPY (g)

GBP (oz)

CAD (oz)

CHF (oz)

INR (10g)

yuan (g)

TRY (oz)

AUD (oz)

April worth

2,307

2160

11,679

1845

3,173

2,117

61,885

537

74,740

3,556

April return

4.2%

5.3%

8.4%

5.2%

5.8%

6.1%

4.2%

4.5%

4.3%

4.7%

Ytd return

11.0%

14.7%

23.9%

13.0%

15.3%

21.1%

11.3%

13.2%

21.8%

16.6%

* Information as much as April 30, 2024. Based mostly on LBMA Gold Worth PM in USD expressed in native currencies. Supply: Bloomberg, ICE Benchmark Administration, World Gold Council

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