“A troy ounce of Gold costs more than $1,900 again – more than at any time in nearly nine months. Physical demand in China, the largest consumer market, has not been the driver so far, as low Chinese net imports from Hong Kong and Switzerland are likely to confirm.
“It is above all speculative financial investors who have been expanding their net long positions. A setback could be looming if they were forced to adjust their expectations with regard to the Fed’s policy.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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