Analyzing the Impact of Safe-haven Demand on Gold Price Amid Instability
Wednesday, 6 March 2024, 12:15
Impact of Safe-haven Demand on Gold Price
In the Gold market, the influence of safe-haven demand persists despite challenges such as ETF outflows.
Key Points:
- Central bank buying acting as a counterbalance to ETF outflows.
- Stability in Gold price attributed to safe-haven status during times of global unrest.
Strong central bank buying has helped to offset ETF outflows in the Gold market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.