| For #gold and #silver investors in the West, the uncertainty regarding the FOMC’s next moves is dampening prices somewhat, but they do remain in a solid uptrend. We continue to see a divergence between gold demand drivers between the East and West. In the West central bank decisions and economic data remain at the forefront of buyers’ minds, but in the East this is now a secondary factor. Instead central banks, institutions and consumer East of Germany are focused on gold accumulation, even buying into the price surge last month. The release of the World Gold Council’s Q1 demand trends report has confirmed this. Data for the first quarter of this year showed the PBoC’s gold purchases continued for a 17th month in a row, whilst gold bar and coin demand was also driven by #China. So where does this leave the West? In today’s video Jan Skoyles wonders if it leaves them with ‘no plan B’. Do you agree? We’ve been chatting to a few clients recently and it has been interesting to hear thoughts on future gold market trends and what is driving people to increase their gold allocation. Let us know yours, either by replying to this email or in the comments below the video. If you're looking to buy gold or silver coins or bars, GoldCore currently has good stocks available visit the following website to learn more: US & ROTW - https://www.GoldCore.com UK - https://www.GoldCore.co.uk Ireland - https://www.GoldCore.ie _________________________________________________________________ GoldCore TV is the home of precious metals market information. Our channel features news, interviews, and podcasts with prominent industry figures to help people make informed investment decisions. Subscribe to our channel to stay up to date on the latest precious metals news and views. Follow us on social media: Facebook - https://www.facebook.com/GoldCore Twitter - https://twitter.com/GoldCore Disclaimer: Videos published are not investment advice and the views expressed may not reflect those of GoldCore Ltd. |
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