Gold's Glitter May Fade: Expert Cautions on Gold's Vulnerability Post-Rally Despite reaching new all-time highs amid strong U.S. economic data and ongoing geopolitical tensions, gold’s future rally may not be guaranteed, according to veteran advisor Bob Parker of the International Capital Markets Association. Parker points out a “catch-up effect” as a significant driver behind the recent surge. This effect refers to gold’s attempt to match its past underperformance relative to global equity markets. Additionally, Parker highlights the debated but acknowledged correlation between gold and Bitcoin as influencing gold’s appeal. However, Parker also notes the obscure yet impactful role of central bank purchases, especially from Asia, as a key factor in gold’s current standing, suggesting a mixed outlook for the metal’s future. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Zimbabwe's Leadership Change Failing to Revitalize Its Troubled Economy READ MORE Goldman Sachs: Bullish Outlook on Copper, Gold, and Oil READ MORE Dollar Climbs Higher as Global Interest Rate Policies Diverge READ MORE High Gold Prices Dampen Demand in Asia's Leading Markets READ MORE Fed's Bostic Signals Potential September Rate Cut READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment