Gold holds $4,400 support, rate hike odds fall as ETF demand begins to stir - KITCO
Gold holds $4,400 support, rate hike odds fall as ETF demand begins to stir - KITCO
Source: KITCO
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DW NOTE
Gold is trading 16.6% below its January peak while the blockade that sent it there enters its fifth month. The gap between the cause and the price tells you everything about how ETF flows work: they chase the move up, then liquidate into the consequence. Now demand is "beginning to stir" — four months late and $900 lower.