Throughout an historic gold and silver rally in 2024, one of the standout features was that there was heavy buying by China, central banks, and investors in the east. Yet little interest in the west, where the ETFs have seen consistent outflows, while the bullion dealers have been inundated with waves of retail selling.
However, as we’ve talked about before, and as Goldman Sachs noted in a recent gold report, it could well be that the western investors have been waiting on the Fed’s interest rate cuts to finally start getting involved in the precious metals again. And as the market has continued to price in a higher probability of rate cuts in September (with Fed futures pricing now showing the debate now is over ‘how much’ to cut rather than ‘whether’ to cut), we’re seeing a change in the ETF inflows and the retail order flow.
So Vince Lanci talks about the change in today’s show, and to stay up to date, and go through the latest precious metals news, click to watch the video now!
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