Solid physical demand for gold and silver tells you where prices are going in the long term

physicaldemand gold LBMA Solid physical demand for gold and silver tells you where prices are going in the long term – LBMA

Kitco News’ general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices

However, sentiment on the stage was still relatively bullish for gold and silver’s long-term potential, despite the short-term headwinds.Darren Botha, portfolio manager at DRW Investments, said that while it’s unlikely the Federal Reserve will pivot on interest rates anytime soon, he doesn’t expect monetary policy to be high enough to cool down inflation.

While most panelists were generally long-term bullish on gold, there was one bear in the mix. Kathleen Kelley, founder and CEO of Queen Anne’s Gate Capital, said she expects weak investment demand to weigh on gold prices.Although the panelist generally agreed that the precious metals paper markets were weak, physical demand for gold and silver remains has been exceptionally strong, particularly in Asia and the Middle East.

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