Gold is still ‘relatively cheap’ and could surge back toward its all-time high, strategist says

CNBC2021-05-20

KEY POINTS The spot gold price hit an all-time high of $2,063 per troy ounce in August last year but now stands at $1,877, according to Refinitiv data. “Gold is relatively cheap so when you’re trying...

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Comments

PengsieX
2021-05-21
PengsieX
I don't know how the word "cheap" can be used in the current economic climate
Wallstrtbets
2021-05-21
Wallstrtbets
Noted.
MumJ
2021-05-21
MumJ
Please like and comment.. thank u
- MumJ:
  thanks!
- Otahman:
  Done reply me
Eded
2021-05-21
Eded
Only if cryto and stocks continue to fall ... please like and comment
- PowerUP:
  best to do nothing now until jun
Cw_88
2021-05-21
Cw_88
Time to get rich
- Cw_88ReplyonlyYou:
  ?
- AhGong:
  commented
- onlyYou:
  [Smile]
Werkohderkoh
2021-05-21
Werkohderkoh
??

Leave a comment

166

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This came amid sharply rising U.S. Treasury yields as traders started to bet that inflation would cause the Federal Reserve to hike interests rates and taper its accommodative monetary policy. Gold is traditionally seen as a hedge against inflation but any attempts by central banks to rein in inflation is usually bad for bullion.\nKelly also noted gold’s relation to the U.S. dollar. 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The cryptocurrency had started to gain a reputation as a kind of “digital gold,”offering protection from inflation.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":130527471,"gmtCreate":1621558023893,"gmtModify":1704359547380,"author":{"id":"3578047933589423","authorId":"3578047933589423","name":"PengsieX","avatar":"https://static.tigerbbs.com/ebe92821eba3b91a6431d698b66bbed5","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":3,"crmLevelSwitch":0},"htmlText":"I don't know how the word \"cheap\" can be used in the current economic climate","listText":"I don't know how the word \"cheap\" can be used in the current economic climate","text":"I don't know how the word \"cheap\" can be used in the current economic climate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130527471","repostId":1116892184,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":130504985,"gmtCreate":1621555437747,"gmtModify":1704359464725,"author":{"id":"3566244878628904","authorId":"3566244878628904","name":"Wallstrtbets","avatar":"https://static.tigerbbs.com/6c38bbee1121ea92508ad9508fa15c5e","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Noted.","listText":"Noted.","text":"Noted.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130504985","repostId":1116892184,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":130243046,"gmtCreate":1621554171685,"gmtModify":1704359430897,"author":{"id":"3582080974533433","authorId":"3582080974533433","name":"MumJ","avatar":"https://static.tigerbbs.com/a24a11fee66832dcfc9036c2b7a805e9","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please 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me"}],"langContent":"EN"},{"id":130257683,"gmtCreate":1621554051142,"gmtModify":1704359427463,"author":{"id":"3581980965309451","authorId":"3581980965309451","name":"Eded","avatar":"https://static.tigerbbs.com/41a629a3014601072ee8dc2d151d1796","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Only if cryto and stocks continue to fall ... please like and comment&nbsp;","listText":"Only if cryto and stocks continue to fall ... please like and comment&nbsp;","text":"Only if cryto and stocks continue to fall ... please like and 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<u>jun</u>"}],"langContent":"EN"},{"id":130256645,"gmtCreate":1621553916087,"gmtModify":1704359421938,"author":{"id":"3582802124387192","authorId":"3582802124387192","name":"Cw_88","avatar":"https://static.tigerbbs.com/73601b77e177185676fe499badeea2f7","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Time to get rich","listText":"Time to get rich","text":"Time to get 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