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Gold Sets Fresh Record Heading for Best Month in Eight Years

Gold surged to a fresh record Friday fueled by a weaker dollar and low interest rates. Silver headed for its best month since 1979.

Spot bullion is up about 11% in July, heading for its best month in more than eight years, as a gauge of the dollar slumped, prompting concerns its status as the world’s reserve currency of choice is at risk, and U.S. real yields fell to a record low. While the ferocity of rallies in both gold and silver cooled in the middle of the week, most market watchers predict there may be more gains ahead.

Both metals have added about 30% this year, with gold and silver exchange-traded funds boosting holdings to a record...

https://www.bloomberg.com/news/articles/2020-07-31/gold-set-for-best-month-in-four-years-after-record-breaking-gain

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