#Gold bulls hope short-term bank contagion sparks longer-term rally
Even if the market is reassured that the problem is limited to the two collapsed banks, there may be implications that are positive for the price of gold.(1/4)
reuters.com
Even if the market is reassured that the problem is limited to the two collapsed banks, there may be implications that are positive for the price of gold.(1/4)
reuters.com
Any suggestion that the Fed will pare back its current tightening of monetary policy is likely to be a longer-term positive for gold, especially if this occurs before the market is confident that high inflation is tamed.
China and India play an outsize role in the physical gold jewellery market, accounting for about two-thirds of the global total in 2022
Central bank buying is the wildcard for gold, having risen a strong 152% in 2022 to 1,135.7 tonnes.
Central bank buying is the wildcard for gold, having risen a strong 152% in 2022 to 1,135.7 tonnes.
Overall, the risks for gold are skewed to the upside assuming that investors are drawn back to gold as a hedge against risk and inflation, China and India boost their physical demand, and central bank buying also holds up./end
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