RE: GOLD4 Apr 2023 21:46
Gold price made its move through $2000/oz today on the third time of asking.
Some weak U.S. economic data that pressured the U.S. dollar index and sent U.S. Treasury yields down boosted gold and silver prices. Bullish charts are also fueling the technically related precious metals bulls.
Gold prices are now within striking distance of the all-time high of $2,078.80, basis nearby Comex futures, scored in March of 2022. April gold was last up $37.60 at $2,021.60 and May silver was up $0.909 at $24.93.
Currently
2,020.50 Bid
2,021.50 Ask
The economic data falls into the camp of the U.S. monetary policy doves who want to see lower interest rates from the Federal Reserve, or at least a pause in the recent string of rate hikes. That pressured the U.S. dollar index and dropped U.S. Treasury yields.