Gold's (nearly) 2 year rally finally takes out $1920

Plenty of breathless "all time high" above 1921 headlining about for the yellow rock today.

It opened the week on the up and has taken out 1920now.

Have a look at the weekly chart, nearly a 2 year surge for it, with a wobble when it caught the COVID-19 bug in March this year excepted:

Plenty of breathless all time high above 1921 headlining about for the yellow rock today.

If you are new to gold a strong point in its favour has been the low and going lower central banks rates right around the globe. It costs $ to be long gold, paying storage fees for the physical and what have you, and the metal pays no interest at all. Lower rates make the cost of holding (relatively) more attractive.

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