Gold Market Volatility & Central Bank Buying Revealed!
Central Banks are leading the charge in buying gold, continuing a decade-long de-dollarization trend across emerging markets. While countries like Turkey swapped gold for US dollars to afford expensive oil, China has consistently acted as a dip buyer, purchasing more gold in March than they have in years.
Aberdeen Investments director of ETF investment strategy Robert Minter joins Yahoo Finance Markets and Data Editor Jared Blikre to take a deeper dive into gold’s recent market action.
For ETF investors, gold’s movement is fundamentally tied to Real Interest Rates (nominal rates minus inflation). We also analyze the Silver Market, which saw a sell-off twice as severe as gold’s due to geopolitical conflict and high oil prices. With China producing 60% of refined silver and licensing its export, potential supply restrictions are a major risk.
(GC=F) prices hit a near three-week high on April 8th, after President Trump announced a two-week ceasefire with Iran. Silver (SI=F), palladium (PA=F), and platinum (PL=F) are also rising on the news.
#GoldInvesting #CentralBanks #SilverMarket #RealRates #ChinaEconomy #MarketAnalysisGold
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