The primary force propelling gold was the escalating geopolitical tensions arising from the Israel-Hamas conflict. However, this month, a substantial portion of the geopolitical premium seems to have diminished. Instead, it has been supplanted by a combination of decreasing bond yields and a weakening dollar. New factors influencing gold prices may now come into play. White House projections anticipate a continual increase in Federal debts relative to GDP. How has gold historically responded during periods of escalating indebtedness? How robust is the demand for gold from both institutional and retail sectors? Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree in Europe, addresses these questions in the last "WisdomTree Gold Outlook Monthly ". Pierre Debru Sihem LABBAS Mehdi Abichou Ahmed Khelifa, CFA L'ALLOCATAIRE #gold #goldprice #goldinvestment #goldmarket https://lnkd.in/exDShicx
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