Market Sentiment & Lateral Thoughts
THE 2020 surge in investment and speculative holdings of gold is a mixed blessing for price prospects this year.
The reason is that investors have been taking profits after the heady price increase in 2020. They originally purchased gold because … Read the rest
The gold surge and Covid-19 lockdowns are hurting Asian and other jewellers. Traditionally, India and China have been big buyers of the metal. But after the start of the latest bull phase in mid-2019, many more Western investors are buying, … Read the rest
Gold has become increasingly volatile during the Coronavirus crisis. Prices have become more correlated with equity movements i.e. gold is generally rising and falling in tandem with stocks. During the recent share slide speculators and investors dumped the precious metal … Read the rest
Central banks are believed to be buying when the price dips
Central banks and investors have routed gold bears in recent weeks. Other precious metals, notably silver, platinum and palladium have also benefited from the change in market sentiment.
“It’s … Read the rest