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Benzinga
Benzinga
Business
Stjepan Kalinic

Between Hormuz And the Fed: Gold Smashes $4,200 as Metal Hoarding Returns

Image,Of,Gold,Bullion,And,Gold,Coins

Gold is having one of the best days of the year. The yellow metal has decisively broken the $4,200 per ounce barrier, signaling a likely close above the 50-day moving average – a key technical level.

The last time such a cross occurred was nearly a year ago; gold traded around $3,350 before going on a generational run.

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