News) - The gold market continues to attract strong investor interest with price recently pushing to a fresh seven-year high above $1,700 an ounces, but the market continues to deal with a supply crunch.
Although liquidity is starting to improve in the precious metals market, overhanging supply-chain issues remain as nations are still in a relative lockdown due to the COVID-19 pandemic.
John Reade, chief market strategist at the World Gold Council, said that the gold market lacks the excitment compared to previous sessions. He noted that the bid-ask spread has narrowed and liquidity issues are improving.