Gold futures were higher Wednesday morning as weakness in the U.S. dollar and nagging concerns about the global economy, supported a rally in the precious metal.
“All the bullish reasons to belong to gold in the medium term still apply—notably, the incomprehensible amount of money being printed by central banks and fiscal spending by governments to offset the impact of the coronavirus outbreak,” wrote Stephen Innes. global chief market strategist at AxiCorp, in a daily note.
