July, 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 affected gold prices. What Did Gold Do in July? We expected continued central bank policies of putting the inflation fight above the job market and preventing inflation would have put gold on the back foot, making traditionally weak summer gold demand worse. That isn’t exactly what happened. August gold futures started July at $1,929 an ounce, with spot prices starting at $1,919. Prices peaked on the 18th, with August …