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Re,Gold price follows demand from the East more than the West...

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birdman29

27,620 Posts.

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29/04/24

08:44

Post #: 73550249
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Originally posted by roka: ↑

Interest Rates heading down in China. Gold price follows demand from the East more than the West these days. Commentators bemoan that Gold is going up while US rates are also going up. However they fail to realise that demand for Gold doesn't come so much from Western Investors now, rather than the East, including China, Japan and India. While US rates are holding up, I am not sure how long the US Biden Economic Statistics can keep up the charade. Gold sniffs all this out.

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Gold price follows demand from the East more than the West these days...

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Last edited by birdman29: 29/04/24
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0 Great analysis

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