the price of gold per troy ounce Archives - munKNEE.com
Tuesday , 9 March 2021

Tag Archives: the price of gold per troy ounce

Global Liquidity Supports a Gold Price of $1,780/ozt.

There is a remarkable correlation between the prevailing level of global liquidity (defined as the sum of the U.S. monetary base and the foreign holdings of U.S. Treasuries) and the price of gold per troy ounce. The current correlation suggests a gold price of $1,780 as illustrated by the chart below.

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