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Is Gold Set to Tear Even Higher? Four Key Charts to Watch

  • Inflation fears have helped to lure back bullion investors
  • Investor appetite for gold also driven by dollar and Bitcoin
Processing ABC Bullion Gold and Silver at an ABC Refinery Smelter
Photographer: David Gray/Bloomberg
Updated on

Just when the vaccine rollout and economic optimism left gold looking like last year’s metal, it staged a recovery.

Bullion is one of the best-performing commodities this month, erasing almost all of this year’s losses. Investors have been lured back by gold’s appeal as an inflation hedge, while the Federal Reserve maintains its monetary stimulus and says price pressures should prove temporary. Spot gold rose 0.4% on Friday, capping a fourth straight weekly gain.