Gold prices are trading this week just a stone’s throw away from their all-time settlement high, but the move above the key $2,000-an-ounce mark was a long time in the making.
What’s surprising is how long gold has spent “trying to establish itself above the $2,000 level,” George Milling-Stanley, chief gold strategist at State Street Global Advisors, told MarketWatch. Aside from last year, prices were above that on an intraday basis in 2020, and “the macroeconomic and geopolitical background has been very favorable for gold…
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