Fundamentals Of Metal Markets Are Weak Right Now: Layton

Core Viewpoint - Gold prices experienced their largest decline since October, falling from a record high of over $5,500 per ounce due to a risk-off sentiment among investors, leading to a selloff in metals as they sought to cover losses in other asset classes like equities [1] Group 1: Market Dynamics - The movement of gold and silver is influenced more by capital allocation and momentum rather than traditional fundamentals, according to Max Layton, Global Head of Commodities Research at Citi [1] - Geopolitical risks, economic uncertainty, a weaker dollar, and concerns over deficits and tariffs are driving investors towards precious metals [1] Group 2: Expert Insights - Max Layton discussed these trends on "Bloomberg Markets" with Scarlet Fu, highlighting the current market sentiment and its impact on precious metals [1]