Wolf: Currency Weakness, Intervention Lift Gold Flows

Guy Wolf, Global Head of Market Analytics at Marex, told Bloomberg that gold's 14% gain in August was supported by U.S. Treasury intervention in the bond market and currency weakness. Wolf attributed the price movement to these two factors during an interview on Horizons Middle East & Africa. The U.S. Treasury's bond market activity and related currency developments created conditions that lifted gold flows during the month.

Next story