EVN chart, page-2388

one would imagine that they’d take the spot gold price and the Gold futures into account when doing their valuations

this jump presumably caused not just by the idea of an inflation hedge (as gold isn’t so much Of an inflation hedge as it used to be) but by the worst negative real interest rate (% interest - % depreciation in buying power due to inflation) in the US in modern history. Hence money in bank accounts moving to gold.

in regards to adding momentum it will be interesting to see if the Fed (and other countries) buy as much gold as usual with inflation or whether there is a gradual move away from that

also interesting to see if (jewellery) gold purchases in India and Asia pickup now that COViD is kind of getting in hand ..…