Gold is stably over 2000 USD a troy ounce currently.
According to Wolfteam Ltd.'s corporate view a new bull market for gold has begun driven by the more than 10 trillion USD created by world's central banks and geopolitical conflicts, military in that matter, as well.
It has been a conundrum why gold's price is not above 2 500 USD a troy ounce, for example, given all that money printing by central banks which has finally invoked the long forecast inflation. One explanation is that gold is not an interest bearing asset. And with the leading key rates of the Federal Reserve and the European Central Bank at 5.50 % and 4.50 % respectively this is only part of the explanation of the stagnating gold price. The global stagnation, especially in India and China, huge gold consumers is another factor explaining the slow rise of the price of gold. However, these factors are not enough to explain the gold price stagnation.
In short, gold has accumulated huge pent up demand, which could cause a mini boom in gold's price, according to Wolfteam Ltd.'s estimates and projections of gold demand and supply, central bank policy and gold buying and consumer sentiment towards gold.
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