What a steepening gold futures curve says about demand for the yellow metal - MarketWatch
1. Gold prices are currently 5% below May peak due to market rally. 2. Steepening futures indicate strong underlying demand for gold. 3. Central banks purchased 244 metric tons, surpassing five-year averages. 4. Basel III regulations grant U.S. banks full value for physical gold. 5. Americans now favor gold over stocks for the first time in a decade.