August 2023 in Precious Metals, by Steven Cochran
Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover gold’s performance and the factors that affect gold prices. What Did Gold Do in August? The triple whammy of higher bond yields, lower oil prices, and a surging dollar worked to depress gold prices in the middle of the month, causing spot gold to close under $1,900 from the 16th to the 22nd. An unexpectedly soft PMI report on the 23rd finally lifted the foot of bond yields off the neck of gold as the …