For a second month in a row, the COMEX active month gold price reached another all-time high of $2,452.20/oz. on May 20, 2024, as the U.S. dollar showed weakness, inflation remained sticky and geopolitical tensions lingered. The price was under pressure towards the end of the month with the Federal Reserve leaning hawkish, highlighting the possibility of the rates to stay higher for longer while some market participants took the profit. The price of gold ended the month at $2,345.80/oz., up 1.9% MoM. Silver prices, driven by the same factors as gold, also broke through the key resistance level of $30/oz. However, the ... (full story)