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Gold investment demand to remain strong through the rest of the year – WGC

After striking an all-time high over $2,000 an ounce at the start of the month, there has actually been more back-and-forth in the gold market as investors begin to take some profits.

Although gold prices have actually peaked, in a recent interview with Kitco Information, Juan Carlos Artigas, head of research study at the World Gold Council (WGC) said that investment need is still expected to stay solid via the rest of the year.
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Don’t fight central banks, own gold and silver – Andrew Hecht

Rare-earth elements investors should not be paying much interest to the short-term rate action in silver and gold. Rather, Andrew Hecht, creator of the regular Hecht Product Report, stated that unmatched financial as well as monetary stimulation will eventually drive gold costs to tape-record highs in the long-lasting.

In a meeting with Kitco News, Hecht said that he continues to see similarities in between the cost activity in gold during the 2008 financial crisis and also present market problems as the international economy has been devastated by the COVID-19 pandemic.

" In 2008 the U.S. Federal Reserve and all the reserve banks around the world placed great deals of stimulation right into the system, and also it resulted in a general rally in commodities. Silver and gold especially succeeded," he claimed. "I'm not mosting likely to ever battle the reserve banks of the globe."

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Kitco News is the world's # 1 source of steels market information. Our videos feature interviews with noticeable industry figures to bring you market-affecting insights, with the objective helpful individuals make informed investment choices.

Register for our network to stay up to date on the most recent insights moving the metals markets.

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Real-time gold rate as well as charts:.
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Don't forget to sign up for Kitco Information' Weekly Roundup– comes out every Friday to recap the best tales & video clips of the week:.

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Please note: Videos are not trading advice and the sights shared may not mirror those of Kitco Metals Inc
.

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Kitco News

Gold investment demand has room to grow after record first-quarter – WGC

The gold market saw unmatched financial investment rate of interest, with inflows into gold-backed exchange-traded-products climbing 300% in the initial quarter of 2020 compared to degrees seen one year ago. Juan Carlos Artigas, director of investment research study at the Globe Gold Council, claimed that ETF financial investment demand has area to expand additionally as the yellow steel establishes itself as an international possession.

" When you look back 10 or 15 years ago [ETFs were] significantly a North American sensation. Well this time about, it's really an international phenomenon and also you saw quite healthy inflows from all areas. So it's all investors utilizing gold as a method to safeguard as well as hedge their profiles," he said.
__________________________________________________________________
Kitco Information is the globe's # 1 resource of metals market info. Our videos include interviews with famous market numbers to bring you market-affecting insights, with the goal helpful people make informed financial investment choices.

Subscribe to our channel to keep up to day on the current insights relocating the metals markets.

For even more breaking information, check out

Follow us on social media sites:
Facebook –
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Online gold cost and also charts:.
Live silver rate as well as graphes:.

Don't fail to remember to sign up for Kitco News' Weekly Summary– comes out every Friday to evaluate the best tales & videos of the week:.

Sign up with the discussion @ The Kitco Forums as well as belong to the premier online community for precious metals financiers:.

Disclaimer: Video clips are not trading recommendations and the sights expressed may not reflect those of Kitco Metals Inc
.