PRESS ROOM
Gold gains momentum as inflation ticks up further
Friday 16th July '21
Gold’s gains in recent weeks are a function of three things: 1. Gold’s strong adverse reaction to last month’s Federal Reserve (Fed) meeting created an attractive entry point for many investors. 2. Rising inflation numbers from major economies around the world are reinforcing the importance of inflation hedges. 3. Growth concerns have helped lift defensive asset classes including Treasuries, US dollar, and gold in recent weeks. As a result, net speculative positioning in gold futures has bounced back in July.