From June 23, 2019
Gold has been shining bright as of late. After fading for much of 2019 since mid-February following an initially strong start to the year, gold has suddenly burst to life over the past four weeks. Since bottoming on May 21 at $1,269 per ounce, gold has surged by more than +10%. In the process, the yellow metal managed to trade above $1,400 per ounce for the first time in nearly six years. This marks gold’s latest upside progress, having now increased by roughly +34% since bottoming in late 2015 at $1,045 per ounce.
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