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Gold Futures - Jun 24 (GCM4)

Real-time capital.com
Currency in USD
Disclaimer
2,400.10
-7.70(-0.32%)
Real-time Data

Gold Futures Discussions

If you comment could you please give some reasoning? Many keep throwing out random numbers and saying nothing else... its useless information.
An article published by CCN offers three reasons gold could “crash to earth” in the coming months – none of them particularly compelling.A coronavirus vaccine.A quick economic recoveryDeflation and a soaring dollarThe first two reasons both embrace the mainstream narrative that the economy was great before the pandemic and that it will quickly go back to “normal” as soon as governments open things back up again.But there is no normal to go back to. The economy wasn’t normal before the pandemic.
Nobody can hold dollars. Nobody can hold any bonds denominated in dollars. This is now like a game of musical chairs where nobody wants to get caught with dollars when the music stops playing.”And when that happens, what will they buy? ...
What else are they going to do? I mean, what are they going to use as an asset? They’re not going to just swap dollars for euros or swap dollars for yen. They’re going to just buy gold.”Indeed, the environment is bullish for the yellow metal. After all, the Fed can’t print gold.
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