#Gold's Q1 performance told an interesting story as financial cracks began to appear. How do you think the rest of the year will play out? https://t.co/IsjtY8v80u
John Reade
Senior Market Strategist, Europe and Asia World Gold CouncilGold's recent performance: a Twitter thread
Spot #gold is trading around $1827/oz with a $0.30/oz bid-ask spread on Friday morning in London.
Although it bounced after stronger US inflation data, it couldn't hold those gains as yields firmed late in the day.
But let's look at a slightly longer term perspective...
Adam Perlaky
Former Senior Analyst, Americas World Gold CouncilSharp gold selloff, but bullish activity could suggest a bottom
Gold’s price has dropped by almost 7% since the end of May. Most of the move can be attributed to an increase in interest rates following last week’s US Federal Reserve (Fed) FOMC meeting. Gold’s reaction is not surprising given that it has experienced higher sensitivity to interest rates over the past year