june 30 2020 – what caused gold to break out and touch 1800 dollars an ounce ?

as of june 30 , the august 2020 contract for gold touched a new 8 year high of 1803 us dollars per ounce

what was the reason ?

well,there could be many

one of the main reasons for gold and silver to go up is the currency devaluation

maybe us or europe is about to announce some major stimulus ( another round of qe – quantitative easing or bond buying ) .

let’s wait and watch for the announcements ..