Why Gold Price Suddenly Upsurges Above US1400 per Ounce?

Gold price suddenly upsurges above US$1400 per ounce from about US$1270 in the past 30 days, it is an 8.8% hike! The upsurge was especially swift in the past few days, as shown in Figure 1, from about US$1340 on Jun 20 to US$1406 on Jun 24 (17:30 HK Time).

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Figure 1 Gold Price from May 21 to Jun 21, 2019. Source: https://goldprice.org/zh
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Figure 2 Gold Price and 10-year Inflation-indexed Treasury Rate (Inverted). Source: Sunshine Profits
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Figure 3 US Currency Index. Source: Market Watch

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ecyY is the Founder of Real Estate Development and Building Research & Information Centre REDBRIC

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