Tag: COVID-19

(31 March 2021) It seems nobody likes gold these days.  Bitcoin grabs all the headlines as it approaches $60,000, while gold has been in decline ever since its record high of $2089 last August.  More recently, gold has trended lower as optimism surrounding the vaccine rollout and economic re-opening has bid up the US dollar and taken bond yields sharply higher.  Typically, gold is inversely correlated with the dollar and long term yields. This week gold retested its early March low of 1673 before rebounding today to $1715.   Gold's...