- Gold investors are wavering, their psychology damaged after gold plummeted in mid-June on those hawkish Fed dots. Without enough upside momentum to chase, investors have been selling gold on balance.
- While modest, those investment capital outflows have still weighed on gold’s price. But investors’ light selling should quickly reverse to sizable buying as gold perks up.
- Strong seasonals resume in August, a very-bullish omen. And the spiraling price inflation unleashed by the Fed’s colossal balance sheet ballooning is increasingly becoming center stage, which will boost gold investment demand.
For further details see:
Gold Investors Wavering