The price of gold recorded some gains on Tuesday as yields on U.S. Treasuries eased and there was news of de-escalation in the conflict between Israel and Hezbollah in Lebanon. However, there were mixed signals on progress in talks between Iran and the U.S.
If gold can regain the $5,000 mark, traders will be reenergized to look at the precious metal as one that is finally seeing its price move in line with what underlying fundamentals suggest it should be doing. Bullion’s price movement over the coming weeks will be closely watched by Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) and traders as well as the…
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