bullish
Global Commodities: Gold Rushes to Record Highs
SUMMARY
- Gold price has rallied to new highs, but market cap of US's biggest gold ETF has shrunk
- Push higher driven by quick money inflows, fundamental/ETF inflows, safe haven bid, technical drivers, FOMO
- Physical demand from central banks and Chinese retail buyers has been strong, but recent rally seems driven by financial quick money inflows
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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