Optimism about Covid-19 and the global economy is weighing on gold ETFs.
Stocks climbed after U.S. President Donald Trump said he
Gold has emerged as the safe haven of choice among investors as the pandemic upends economies worldwide.
Deepening negative yields in the U.S. Treasury market are boosting the precious metal toward a record.
Gold futures surged to an almost nine-year peak and silver touched its highest level since 2014.
There are plenty of catalysts propelling the yellow metal’s price.
The New York gold market has been flipped on its head in just a couple of months.
The pandemic has led to a squeeze in the supply of coins and bars available for shipment around the globe.
Gold extended its sell-off to the biggest one-day drop as investors sold the metal to cover margin calls.
The price of the metal has declined more than 6% since reaching a six-year high in September.
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