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Gwen Preston – “Gold’s New Narrative: Exploring Sentiment and Dynamics Shifts” (Video)

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Gwen Preston – “Gold’s New Narrative: Exploring Sentiment and Dynamics Shifts” (Video)

 

 

 

 

In this video, Gwen Preston discusses how gold has exhibited behaviour that defies traditional patterns. Despite an intense rate hike cycle, gold has remained remarkably strong, a departure from its usual inverse correlation with falling interest rates. This anomaly has captured the attention of investors worldwide.

 

Gwen argues that one of the key drivers of this shift is China’s strategic approach to gold acquisition. Contrary to Western investors who have been selling gold, China has been buying, regardless of price fluctuations. This strategic move by the People’s Bank of China has significantly influenced the gold market, pushing prices to record heights multiple times.

 

Courtesy of the Resource Maven

Posted April 1, 2024

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