Heightened Risk meets Easy Money
We believe that over the next six to twelve months:
Financial market uncertainty and accommodative monetary policy will likely support gold investment demand
Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information.
Weaker economic growth may soften gold consumer demand near term, but structural economic reforms in India and China will likely support long-term demand
Source: Bloomberg, ICE Benchmark Administration, World Gold Council