Nov 8, 2024
📈 Gold Prices Rise Despite Stabilizing Money Supply in the U.S., Eurozone, and UK
The increase in gold prices, despite stable money supply growth in the U.S., Eurozone, and UK, points to a decoupling from traditional monetary drivers. Factors influencing this trend include heightened geopolitical tensions, central bank gold purchases, inflation expectations, decreases in real yields, currency fluctuations, market sentiment, and speculative activity. This complex scenario underscores that, while money supply remains significant, it is no longer the sole determinant of gold’s value in today's interconnected and often volatile global economic environment.