Gold Bull Run Is Not Just A U.S. Dollar Story

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Last week, I had the satisfaction of web website hosting a webcast on gold and gold mining stocks, and I become satisfied to be joined via way of means of portfolio supervisor Ralph Aldis. Thanks to all who participated!

Regretfully, I`m now no longer accepted to proportion a replay of our dialogue because it become supposed for economic advisors, however there are some key factors I`d want to highlight.

Gold hit a sparkling all-time excessive of $2,432 in line with ounce recently, marking what Ralph and I see as one of the superb gold breakouts because the cease of Bretton Woods. The yellow metal`s attraction as a hedge towards uncertainty, coupled with consistent month-to-month purchases via way of means of relevant banks, has now no longer simply raised the charge ground however need to assist the asset obtain new highs withinside the coming weeks and months.

Gold’s recent surge isn’t just a U.S. dollar story. The precious metal is also making historic breakouts in various currencies around the world, from the Japanese yen to the Chinese yuan and Indian rupee. This global phenomenon underscores the universal appeal of gold as a store of value and a means of preserving purchasing power.
Chinese retail investors are leading a significant influx into the country’s gold-backed ETFs. In March alone, Chinese gold ETFs saw an impressive inflow of RMB1.2 billion ($164 million), marking the fourth straight month of positive flows, according to the World Gold Council (WGC). The investing spree propelled total AUM in gold ETFs to a staggering RMB35 billion ($5 billion) by month’s end.
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