Gold futures headed higher connected Friday, with bullion connected way for the sharpest play summation since May, arsenic investors turned to precious metals amid increasing concerns that rising ostentation successful the aftermath of COVID-19 whitethorn erode purchasing power.
Gold and metallic are “supported by expanding worries astir problematic terms ostentation and by a little U.S. dollar scale to extremity the trading week,” said Jim Wyckoff, elder expert astatine Kitco.com, successful a regular note. Gold is often perceived arsenic a hedge against rising inflation.
The...
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