Investor participation has also grown by leaps and bounds. In January, Indian funds reported another 1.2 million accounts, pushing the total number of gold ETF folios to 11.4 million.
The gold and silver prices are rallying, perhaps seemingly paradoxically so, given how this comes on the heels of Donald Trump saying that the Iran war will be over ‘very soon.’
The Metals Focus analysts say gold could get a bigger boost if the situation spirals out of control or if “one or more of the fat-tail risks instead crystallize.”
One headline leads to another, and before long we are jumping from war updates to oil prices, from central bank speculation to the latest move in gold or silver.
The interview comes as global attention on gold and silver grows amid rising debt levels, currency devaluation, and increasing central bank demand for physical bullion.
Gold is often shipped on commercial airline flights. With the war raging, officials have closed significant portions of the UAE’s airspace, and many flights have been cancelled.
In Trump’s view, clearly, the head of the BLS had to be fired since she was now reporting numbers that looked that bad. However, the numbers didn’t get any better after the firing.
