Central Bank Selling Isn’t Fazing Gold as Futures Rise in July
August 03, 2023 at 09:38 AM EDT
Gold futures in July notched their highest gain in four months. Investor optimism surrounding fewer rate hikes by central banks and the prospect of a weaker U.S. dollar pushed the precious metal higher. Higher futures prices came despite central banks around the world unloading their gold reserves, according to Bloomberg. Gold prices for the year [...] The post Central Bank Selling Isn’t Fazing Gold as Futures Rise in July appeared first on ETF Trends .