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 Inflation Woes from Pandemic Keep Fed's Rate Cuts on Hold READ MORE Defying Milei: Argentine Province Prints Its Own Money to Survive READ MORE Core Inflation Cools for Fourth Month, Bolstering Case for Fed Rate Cut READ MORE US Dollar Dominates Amid Global Economic Shifts READ MORE High-Income Americans Not Immune to Growing Financial Worries READ MORE Add a Comment Cancel replyYour email address will not be published.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