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Gold is currently a structurally important asset. Although the gold market may be consolidating around $4,000, one market strategist believes investors should focus less on short-term price fluctuations and more on gold's evolving role in the global financial system. Robert Minter, director of investment strategy at Abrdn, said the recent correction had little impact…
Excerpt from the article by Neils Christensen
The gold market has experienced a downturn, with prices falling below $4,500 and testing the critical 200-day moving average support. Despite this short-term selling pressure, attributed to inflation concerns and speculation of interest rate hikes, one fund manager, Tom Winmill of the Midas Discovery Fund, believes the long-term…
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