Gold Price Today: Here’s Why Gold Is Up Right Now
Photo: CaptainAltcoin
Gold is back above $4,000 today after jumping more than 2%, with several macro factors moving in its favor at the same time. Spot gold traded around $4,016 on November 4 as the U.S. dollar weakened and Treasury yields moved lower. Political uncertainty following the U.S. midterm elections also added to demand for defensive assets. One analyst believes the dollar itself could become an even bigger catalyst. A Weaker Dollar Could Give Gold More Room Macro investor Otavio Costa argues that positioning in the U.S.
Source: CaptainAltcoin
