Gold goes bullish
The precious metal’s value has risen again, making it more bullish than it has been in a long while.
May 24, 2021
Precious metal, Gold, is leading the commodities market with a price increase of $3 to $1,880 per ounce, the highest Gold’s value has increased to in over three months.
The rapid surge in Gold’s price is supposedly prompted by investors' worry about inflation as well as the volatility of the cryptocurrency market following its recent plunge.
These factors have caused more investors to pay attention to the commodities market, investing more in precious metals like Gold and triggering a value increment.
While there is no certainty as to how long Gold is going to retain this new bullish stance, commodity experts are speculating that it could be for months.
