Gold prices rose more than $20 and hit a 10-month highs yesterday. Some are saying the catalyst was the World Trade Organization’s quarterly outlook indicator, a composite of seven drivers of trade, reported a reading of 96.3 (a reading below 100 signals below-trend growth in trade).
On the news price breached the daily supply at $1330.
Speculators aren’t the only ones making money/hoarding gold in fear of turbulent times ahead. The central banks are also buying gold.
For some time, global central banks have also been hoarding gold. As a matter of fact, they are one of the world’s largest gold investors,
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