Gold prices have surged this year despite a shift in the typical market dynamics, according to investment expert Imaru Casanova. Traditionally, gold rallies have been driven by robust investment demand and rising gold-backed ETF holdings. However, since April 2022, these factors have been in decline, even though the market has seen strong performance since hitting lows in October 2022. This divergence from historical trends suggests that the current rally in gold prices might have different underpinnings than those observed in past trends, challenging the conventional understanding of what drives gold market movements.
Posted: 2024-04-18 13:27:03.000000