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Central Banks Still Driving Gold Demand as Market Awaits New Catalyst

From sbcgold.com

Joe Cavatoni of the World Gold Council says gold is holding steady above $3,300 as markets await stronger signals on Fed policy, dollar strength, and broader market direction. The group’s senior market strategist emphasized that central banks remain the backbone of gold demand, with over 50% planning to increase holdings in the next year. While gold’s rally has cooled, the longer-term fundamentals remain strong. Gold Prices Stabilize Above $3,300: The gold market’s hypersensitivity to current price movements highlights the powerful momentum driving its years-long rally. Now trading just $200 below its all-time high ... (full story)

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  • Category: Fundamental Analysis