good day tarderrs here is why am bullish on GOLD!
The precious metals market has revived recently. One of the compelling reasons for the gold price surge is the meltdown of a highly volatile cryptocurrency market. In this light, the leading precious metal has risen to $1883 by this Monday.
And if the first quarter of 2021 was pretty effective for cryptocurrencies and one of the worst for gold over the last years,
then the second quarter turned out to be the opposite.
More to that, the gold price surge is not bothered by a new rally of the US 10-year bond yield, which usually supports the USD and works against precious metals. However, this is not a factor right now as Gold is feeling just fine.
The precious metals market has revived recently. One of the compelling reasons for the gold price surge is the meltdown of a highly volatile cryptocurrency market. In this light, the leading precious metal has risen to $1883 by this Monday.
And if the first quarter of 2021 was pretty effective for cryptocurrencies and one of the worst for gold over the last years,
then the second quarter turned out to be the opposite.
More to that, the gold price surge is not bothered by a new rally of the US 10-year bond yield, which usually supports the USD and works against precious metals. However, this is not a factor right now as Gold is feeling just fine.
