Gold Hits New Highs with Strong COMEX Positioning and ETF Inflows In May, gold posted its third consecutive monthly gain, rising by 2% to $2,348/oz and reaching a record high of $2,427/oz before pulling back due to profit-taking. Despite moderate gains, market activity remained supportive with high net long positions on COMEX and significant inflows into gold ETFs. While no single variable dominated, factors like momentum and a weaker US dollar contributed marginally, with strong over-the-counter buying, including central bank purchases, playing a significant role. Looking ahead, a potential peak in the US dollar could further benefit gold. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Why This Gold Bull Market Could Be Very Different READ MORE Behind the Number: Unpacking the Fed's 2% Inflation Target READ MORE Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions READ MORE Wharton's Siegel Urges Fed to Slash Rates by 150 Basis Points READ MORE Trump Warns Fed Against Pre-Election Rate Cuts, Hints at Conditional Support for Powell READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment