Here's the most active (April) contract, $1342.7 up $20.6 last:
The election was on November 6th, the low tick in that month on the 13th.
And is there a correlation with talk of Modern Monetary Theory?
Google Trends
The lowest points on the graph are over there on the left and it's onward and upward from there.
It's probably nothing, correlation ≠ causation, etc.
And the funny thing is, gold's not an especially good inflation hedge.
More on that, and what is a good hedge, somewhere down the road,
From Kitco:
The gold market’s fresh 10-month high could be the start of a renewed uptrend in the precious metal as the market has broken important resistance levels, according to some economists.
With new momentum in the precious metals market, some analysts have said that it could be only a matter of time before prices break above last year’s highs around $1,365 an ounce. Many analysts have noted that gold will continue to benefit as the U.S. dollar struggles to find momentum in an environment of growing economic uncertainty and low interest rates.
April gold futures last traded at $1,339.40 an ounce, up 1.30% on the day. So far this year gold prices are up more than 4%. Meanwhile, the U.S. Dollar Index is relatively unchanged on the day and year, last trading at 96.73 points....MORE
