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home / news releases / IAUM - A New Driver Of Gold?

IAUM - A New Driver Of Gold?

iShares Gold Trust Micro

2024-01-31 03:48:04 ET

Summary

  • US GDP expanded at a faster-than-anticipated rate in Q4 2023, raising questions about the timing of the Federal Reserve's next move.
  • Despite the positive economic outlook, several firms are recommending gold due to expected rate cuts and increased investment demand.
  • The relationship between gold and real interest rates has weakened, with emerging economies' push to increase their gold holdings becoming the most important driver of the metal.

A new report by BMO Capital Markets suggests that the price of gold is no longer being driven by real interest rates. What replaced them? I unveil the answer below....

For further details see:

A New Driver Of Gold?
Stock Information
Company Name: iShares Gold Trust Micro
Stock Symbol: IAUM
Market: NYSE
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