Gold Rallies as Inflation Sparks Worry

As concern abounds about rising inflation precious metals saw a nice lift in price. The technical analysis of both gold and silver look to be fairly bullish and investors are taking notice. A weaker US dollar combined with upbeat earnings and some concerns about supply chain disruptions may have contributed to the move upward. 

The recent US Treasury bonds’ rally motivated by an increase in expectations of QE tapering by the FED, has possibly been put on hiatus. Major central banks are finding themself taking away the stressful spotlight of the FED and are under pressure to protect their economy against the impact of surging consumer prices.

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