Reported 8 months ago
RBC Capital Markets analysts in Canada believe gold is currently overvalued, despite reaching historical highs last month, and caution that the market has already seen significant gold buying. They note that while there is strong demand for gold from central banks globally, the recent pause in gold purchases by China reveals potential vulnerabilities. While some investors expect multiple rate cuts this year as a reason to invest in gold, analysts are more inclined to wait and observe market vulnerabilities for better opportunities, emphasizing that the fundamental factors driving gold prices, such as central bank demand, physical demand, and Chinese demand, are not without risks.
Source: YAHOO