Gold prices remain steady, hovering near the middle of their daily range after weaker-than-expected U.S. labour market data signalled further economic uncertainty. The latest jobless claims report showed more Americans filing for unemployment benefits than economists had predicted, reinforcing expectations of a slowing economy.
Earlier in the day, gold continued to hit new highs in global currency markets, particularly against the British pound, after the Bank of England’s third rate cut in this easing cycle weakened sterling. With central banks maintaining strong demand for gold and global economic uncertainty mounting, the longer-term outlook for the yellow metal remains positive.
But with headlines warning of gold shortages, should investors be concerned?
In today’s GoldCoreTV episode, we break down the facts behind the latest gold market frenzy and ask “Is There Really A Shortage of Gold?”:
– Is there really a gold shortage? (Hint: Retail investors don’t need to panic.)
– Why is gold’s price rising? (More than just supply and demand at play.)
– Is your gold safe? (If it’s allocated and vaulted, you’re in a strong position.)
– Where is gold headed next? (Short-term volatility, but long-term trends remain bullish.)
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