Gold markets haven’t been this calm since the onset of the Covid-19 pandemic, thanks to a deadlock between buyers and sellers that’s showing no signs of breaking. Six-month historical gold volatility slumped to the lowest since February 2020 on Friday. The measure has plunged due to bullion largely staying confined to a range between $1 900 and $2 000 an ounce since mid-May.
Exchange-traded funds backed by the metal have seen their holdings shrink by 5% this year, according to an initial tally by Bloomberg, but that’s not been enough to drive prices lower. Meanwhile, buying by central banks has stayed robust after a record year in 2022, according to data from the World Gold Council.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Stocks, commodities rally on China’s data beat: Markets wrapSpot gold rose 0.3% to $1 916.21 an ounce.
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