Institutions Keep Raising The Gold Bar Despite Short-Term Technical Weakness

"We see U.S. macro-related risks, questions over Fed independence, worries about fiscal sustainability, and geopolitics underpinning de-dollarization trends and more central bank buying. In our view, these factors will drive gold prices even higher," UBS said in a note. Also Read: Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold The bank expects ETF demand to reach nearly 600 metric tons in 2025, the strongest inflows since 2010, and forecasts total gold demand will rise 3% to 4,760 t ...