Gold ETFs hit seven-year high and it’s not just the virus
“’Even if the coronavirus situation improves, there are good reasons to expect continued inflows into gold,’ said Nicholas Frappell, global general manager at Sydney-based ABC Bullion. Other factors remain, including the Fed’s growing balance sheet, low real rates, and a reluctance to ‘normalize’ policy at the Fed, the Bank of Japan and European Central Bank, he said.”
USAGOLD note: In other words “business as usual” for the central banks is good for gold . . .
Chart courtesy of Gold Charts R Us