Is it really a rebound when the slight dip was signalled to be a profit taking exercise?
Gold's rise was forecasted, although I would be the first to advise against believing every prediction you see out there, to go up to 5000 (from 4000) in a year.
While that was slightly ludicrous to read, it made sense considering the world's instability never truly went away. Beginning from COVID, russia invasion, Israel Hamas war, Thai Cambodia border conflict, things just kept churning, helping to prop up gold as a safe investment.
When gold, silver and other precious metals spiked and news of record highs came out, it likely fueled latecomers to rush in when the profit taking exercise happened and prices dipped.
However, not all precious metal have the same attributes, some have more exposure for industrial uses. I think that the world's constant volatility will gradually push their dynamics towards them becoming more focused as investment vehicles (more for parking money, maybe pricing out practical uses and dampening the volatility from that aspect), especially with the positive medium to long term expectations that keep attracting investors, paired with lowering interest rates.
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