After a tumultuous 2020, maybe the gold market can be forgiven for starting 2021 at a more leisurely pace. After all, in the prior year, the yellow metal hit an all-time high of above $2,000 per troy ounce. The narrative around gold was that fiscal and monetary stimulus would inevitably push the metal to further highs in the new year. In fact, the metal had lost value since the record highs recorded in August. However, since touching a low point of $1,700 in late March 2021, it has now recovered some ground and sits just $100 below the $2,000 mark. As we near the second of half of 2021, we look at the main market drivers for gold this year to date, how investors are positioning themselves, and how trading liquidity has evolved on the Exchange.
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