The Conversation (0)
The outflows from the gold exchange-traded funds this year are overshadowing a strong physical demand, says a gold strategist and an ex-director of the U.S. Mint
The outflows from the gold exchange-traded funds this year are overshadowing a strong physical demand, says a gold strategist and an ex-director of the U.S. Mint.
As quoted in market news:
Because of our fiscal situation and because of the worldwide economy, there’s going to be greater volatility in the price of gold. But as long as the (U.S.) deficit is rising. Longer term, what a lot of gold investors do not understand is that the gold price and demand is (affected) by the debt ceiling and how close we come to hitting it. The correlation is lock-step.
