From Nasdaq: 2024-06-20 09:42:29

Gold is seen as having little practical use but retains value based on perceived worth. Unlike oil, gold prices are mainly influenced by supply levels. Inflation has pushed prices up, but with global central banks cutting rates, only a minor pullback has been seen, leading to potential future gains.

Despite an increase in total gold supply, mine production has only slightly increased, leading to supply constraints. Accessing recoverable gold is becoming more difficult due to regulations and permitting requirements. This scarcity could drive gold prices higher in the future, making it a potentially lucrative investment option.

The SPDR Gold Shares ETF (GLD) has only slightly decreased in the past few months, with a significant gain so far this year. Supply constraints are expected to create a perception of scarcity, potentially leading to higher gold prices. Consider adding to gold holdings as supply restrictions could drive prices higher in the near future.



Read more at Nasdaq: Long-Term Strength in Gold Looks Set to Continue