(Bloomberg) – Gold surged to a fresh record Friday fueled by a weaker dollar and low interest rates. Silver headed for its best month since 1979.

Spot bullion is up about 11% in July, heading for its best month in more than eight years, as a gauge of the dollar slumped, prompting concerns its status as the world’s reserve currency of choice is at risk, and U.S. real yields fell to a record low. While the ferocity of rallies in both gold and silver cooled in the middle of the week, most market watchers predict there may be more gains ahead.

Both metals have added about 30% this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the coronavirus pandemic fuels demand for havens. The Federal Reserve this week repeated a vow to use all its tools to support the U.S. economy, with governments and central banks worldwide already unleashing vast amounts of stimulus to shore up growth.

https://finance.yahoo.com/news/gold-set-best-month-four-035058065.html

(Bloomberg) – Traders on the main gold futures exchange in New York have issued the largest daily delivery notice on record.

In the latest sign of how the market’s norms have been upended by the price disconnect that struck in March, traders on Thursday declared their intent to deliver 3.27 million ounces of gold against the August Comex contract, the largest daily notice in bourse data going back to 1994.

https://www.investing.com/news/stock-market-news/gold-traders-issue-largest-delivery-notice-on-record-at-comex-2248381

>>10138838

wait until Dec there are 405K contracts for 100 oz per…that's 40M oz that could stand for delivery

>>10138916

a lot will roll over too but still dec futures are $1991 now