Precious Metals & Energy – Weekly Review and Calendar Ahead

Investing.com | Aug 2, 2020 at 2:00 AM
  • At the cusp of $2,000 an ounce, gold’s front-month contract on Comex looks set to sail past the barrier again in the trading week beginning Aug 3.
  • In a blog that ran Friday, Lin reminds us that almost immediately after hitting record highs above $1,900 in September 2011, gold retraced, beginning a long-term bear trend that troughed in December 2015.
  • Further, December gold hit a record high of $2,005.40 in Friday’s Asian session, before the start of European and U.S. trading.