According to the World Gold Council, the appetite for gold from the world’s central banks shows no signs of slowing, even as the gold industry comes off a record year of demand for the precious metal. Central banks bought 1,045 metric tons of gold last year, with Poland, India and Turkey the biggest buyers. Donald Trump’s Whitehouse return has further increased safe-haven demand with gold investors’ current vehicle of choice. Friday’s advance delivered a sixth consecutive week of gains as escalating trade tensions between the U.S. and China prompted investors to seek refuge in the safe-haven asset. The Feds likely fewer rate cuts in 2025 are being discounted by investors who want to sleep at night.
- The momentum in Gold remains strong making it hard not to retain a bullish stance, though we are getting more cautious following substantial gains over the last 2-years
MM remains bullish gold medium-term
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