Gold hit $1,900 highs on Tuesday for the first time in 20 weeks as retreating U.S. bond yields and the dollar helped the yellow metal reach a pivotal point. . . . Barani Krishnan
The National Wealth Fund (NWF) has received the green light to diversify assets by investing in gold as the country’s Prime Minister Mikhail Mishustin signed the relevant order on Friday . . . . Reuters
Analysts of top bank JP Morgan believe that institutions might be pivoting back to gold from Bitcoin but Bloomberg’s top expert reckons BTC will keep barring XAU’s rise . . . . Yuri Molchan
The rise in gold imports pushed the current account deficit (CAD) to $15.1 billion in April 2021, compared to $6.76 billion in the same month a year before . . . . Paul Ploumis