Adam Perlaky
Former Senior Analyst, Americas World Gold CouncilGold rose over 4% last week, its largest move in over 3 years
Gold had its largest weekly move to the upside since April 2016 (LBMA 3.4%, XAU 4.3%) continuing its move higher for a fifth straight week–this was likely driven by the US dollar falling sharply (-1.4%) and the price of gold breaking out of the key technical resistance level of $1,365 (discussed in depth on Friday).
Adam Perlaky
Former Senior Analyst, Americas World Gold CouncilGold OTC trading volume is 50% higher this month
With the recent rally, Gold trading volumes have increased significantly in June ($151bn vs ytd average of $115bn), particularly in the LMBA OTC market, which has seen averages increase 50% this month.
