Gold prices have jumped more than 10% since the start of April amid a weaker dollar and falling bond yields

Gold prices have jumped more than 10% since the start of April amid a weaker dollar and falling bond yields

Have jumped more than 10% since the start of April to nearly $1,900 per ounce. Since the start of May alone, gold is up roughly 7%. According to Sophie Griffiths, a market analyst for the FX solutions provider OANDA, the rise in prices is a result of "falling Treasury yields and a softer tone surrounding the greenback." Griffiths also said that a recent cryptocurrency sell-off could have pushed investors toward gold amid inflation concerns. According to Cameron Brandt, the Director of Research at EPFR, an Informa Financial Intelligence business, flows into gold hit 19-week highs in the third week of May as well. A new research report from Commerzbank also shows gold ETFs tracked by Bloomberg have registered almost continuous inflows for the last 2.5 weeks. Daniel Briesemann, a precious and industrial metals analyst at Commerzbank, said in the new report that "speculative financial investors are also betting increasingly on rising gold prices." Traders have expanded their net long positions in gold for the third week in a row and net longs are now 82% higher than they were at the start of May, according to data from the report. Briesemann said that he believes there is still "upside potential"