GOLD - GOLD trading strategy. buy or sell?
In an interview with Kitco News, WGC researcher Juan Carlos Artigas said that the banking crisis in May with the collapse of several regional banks in the US boosted physical demand against Gold lining and coins in North America. Unsurpassed global certainty is supporting jewelry sales in key markets like China.
The WGC report shows that increased gold demand from China is playing an important role in the global gold market. Demand for hidden gold and coins in China totaled 49.3 tonnes, up 32 percent from five grams. Global demand increased 6% to 277.5 tons.
Although investors have largely ignored gold in 2023, Mr. Artigas said, there are early signs that sentiment is starting to change. The gold market is still on standby as the Fed is making choices regarding its monetary policy.
The WGC report shows that increased gold demand from China is playing an important role in the global gold market. Demand for hidden gold and coins in China totaled 49.3 tonnes, up 32 percent from five grams. Global demand increased 6% to 277.5 tons.
Although investors have largely ignored gold in 2023, Mr. Artigas said, there are early signs that sentiment is starting to change. The gold market is still on standby as the Fed is making choices regarding its monetary policy.
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