Gold futures extend monthly gains on debt and rate worries
Gold futures notched a fourth consecutive session of gains, retook the 4,700 level, and rose 14% for August on global debt concerns, U.S. Treasury issuance, and Japan’s interest-rate environment.
Dan Deming of KKM Financial breaks down the rally in Gold futures as prices notch a fourth consecutive session of gains and retake the 4,700 level.
Deming explores the primary market drivers behind the strength, including growing concerns surrounding global debt structures, U.S.
Treasury issuance, and Japan's interest rate environment.
He notes how investors are turning to metals as an alternative to currency and interest rate exposure, fueling a 14% gain in Gold futures and a 19% gain in Silver futures for the month of August.
Additionally, Deming reviews performance across the broader metals complex, including Copper holding near the top end of its range.