Gold Price Analysis for May - Inflation to Drive Gold Price Higher?


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Gold prices marked their first loss in five sessions on Tuesday, with prices pulling back from their the highest levels since February as a rise U.S. Treasury yields dulled demand for the precious metal. Some analysts, however, are pointing to growing concerns that rising inflation in the U.S. and other countries could prompt the Federal Reserve to remove its easy-money policies sooner than expected in the aftermath of the COVID pandemic. Data on Tuesday showed that prices at factories in China rose at the fastest pace in 3½ years in April. China’s producer-price index rose 6.8% last month from the period a year ago, the National Bureau of Statistics said.


    leo3000 . 3 weeks ago


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    ivanesis26 . 5 months ago

    Very good

    Den . 6 months ago