Commodities: Gold Corrects Again As The Fed Makes A Not So Subtle Shift – Investing.com

gold fed shift commodities
Middle East
  • Date: 02-Jul-2021
  • Source: Investing.com
  • Sector: Economy
  • Country: Middle East
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Commodities: Gold Corrects Again As The Fed Makes A Not So Subtle Shift – Investing.com

This article was written exclusively for Investing.com

Last year at this time, closed the second quarter of 2020 at $1798.10 per ounce. In Q3 2021, the price rose to a record high at $2063. The first half of 2021 ended on Wednesday, June 30, and the yellow metal was just above $1770 per ounce, not far below the year-on-year level. Gold’s price moved higher on a quarter-by-quarter basis, as the yellow metal settled at the $1706.60 level on the nearby futures contract, with the active month trading at $1713.80 on Mar. 31, 2020.

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