State Street Global Advisors Chief Gold Strategist George Milling-Stanley says that 40% of gold in the last 12 months are still legs. here’s why.
In the last 12 months, gold prices will not lose their brightness even after running 40%-Police.
SPDR Gold Share, or GLD, The largest exchange-traded funds supported by physical gold saw the largest one day flow of $ 1.9 billion on February 21, 2024.
,We believe that the demand is across the board. We see institutions either adding or establishing the long term strategic asset allocation type posts. We see individual investors doing the same. We see a certain amount of fomo. Whenever the Chief Gold Strategist of State Street Global Advisors “George Milling-Stanley receives the value, whenever the value is received, there is a fear of disappearance.
He highlights the three long -term growth drivers aligned for more Benefits of gold this year.
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“We have continued to buy a very strong central bank for official reserves. It has been a feature of the last 15 years in the gold market, and it is very important, in any year, in any year, 10% to 25% of the total end-usage demander.
Spot Gold maintained profit on Monday as traders questioned the expectation of increasing interest rates against metal appeal as a good value. (Istock / istock)
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“In addition, we have seen a major increase in investment in emerging markets and especially China, but in India and at the end of last year, at the end of last year, at the end of last year, which re -joined the emerging markets again, with a huge increase in demand for emerging market jewelry.” We have seen a revival in gold, western Europe and North America, we have seen a revival in gold, I think most of Concern about approach to American economy And for European economies, for that case. ,
Gold prices (Trading Economics)
Gold has pulled back its record from $ 2,947 an ounce; Still milling-stanley can trade yellow metal between $ 2,900- $ 3,100 later this year.
Inflation remains a wildcard. Consumer price index increased by 3%in January, more than expected. Prices are high for goods like eggs, beef and transport.
Jewelry buyers, pon shops and buy and concept of precious metals buy the theme and sell the theme subject of precious metals with isolated metals on white background in US dollars, golden rings, necklace bracelets and gold bulls
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On Friday, Federal Reserve’s favorite inflation In January, on an annual basis, 2.5%, 2.5%with core PCE. Both analysts were in line with expectations.
