Physical gold buying to remain ‘solid’ in 2019 – WGC
“The most important component for near-term price performance, however, will be linked to the activity of investors – whether driven by strategic or tactical reasons. These investment flows, stemming primarily from the US and European markets, and with China becoming increasingly important, will likely be driven by macroeconomic factors such as perceptions of risk and the direction of interest rates, as well as by momentum and the positioning in the gold market – especially in the US.”
USAGOLD note: That quote is from the World Gold Council’s John Reade who sees a continuation of trends in the second half of 2018 carrying over to the new year.
Repost from 12-5-2018