Gold's Rally Continues: World Gold Council Remains Bullish Despite hitting record highs, gold's bull rally shows no signs of slowing down, according to the World Gold Council (WGC). In their latest report, the WGC highlights several factors that continue to support the precious metal's ascent.
Geopolitical Risks and
Central Bank Buying have been key drivers behind gold's recent surge, with demand for both
jewelry and
investment bars and coins remaining resilient.
While some may worry about a potential bubble, the WGC dismisses these concerns, stating that gold is currently
underowned and not exhibiting the usual signs of a market top.
Interestingly, gold ETFs have been lagging behind the global rally, but history suggests that this could be a bullish signal for the precious metal.
Contrary to speculation, the WGC finds little evidence of a significant shift from gold to Bitcoin ETFs, suggesting that recent flows are more speculative than structural.
Looking ahead, the WGC sees a positive market setup and believes that low participation from U.S. investors could provide further fuel for gold's upward trajectory.
In an uncertain world, it seems that gold remains a shining star in investors' portfolios.
