Gold firms as Fed uncertainty, China ETF demand offset yield pressure - Kitco AM Report - KITCO
Gold firms as Fed uncertainty, China ETF demand offset yield pressure - Kitco AM Report - KITCO
Source: KITCO
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DW NOTE
The Fed has no idea what it's doing next, so gold gets bid as a hedge against policy paralysis. China's ETF demand is real — Beijing authorized its first batch of gold ETFs in July, giving 1.4 billion people a new way to exit the renminbi. That's not sentiment, that's infrastructure.