Gold to stay elevated as demand from central banks and ETFs surges: HSBC
Retail demand, especially via gold exchange-traded funds (ETFs), has surged since mid-2024. The report notes that the same factors driving central-bank accumulation, economic uncertainty, inflation risks, and weakening confidence in the US dollar have "significantly boosted interest in investing in gold." ETF holdings have shown a persistent rising trend, adding further momentum.
Retail demand, especially via gold exchange-traded funds (ETFs), has surged since mid-2024. The report notes that the same factors driving central-bank accumulation, economic uncertainty, inflation risks, and weakening confidence in the US dollar have "significantly boosted interest in investing in gold." ETF holdings have shown a persistent rising trend, adding further momentum.
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