Gold Resting on Speculative Demand, Says Exante Data’s Nordvig

The video discusses the dynamics of the gold market, highlighting the influence of speculative demand and the role of interest rates and dollar trends. It explains how speculative ETF demand has driven gold prices, while fundamental demand remains weak. The discussion also covers the impact of US real yields and potential Fed actions on gold's future, emphasizing the market's volatility.

What has been a significant factor in the recent behavior of gold in the market?

• Stable US real yields

• Central bank purchases

• Speculative ETF demand

• Increase in jewelry demand

What is the primary driver of gold prices according to the second section?

• Jewelry demand

• Speculative ETF demand

• Industrial use

• Central bank demand

How does the anticipation of the Fed's actions influence the gold market?

• It decreases speculative demand

• It leads to negative real yields

• It increases jewelry demand

• It stabilizes gold prices

What role does the dollar trend play in the gold market?

• It has no impact

• It stabilizes central bank purchases

• It is crucial for gold direction

• It only affects jewelry demand

What condition is beneficial for gold according to the final section?

• Decreasing ETF demand

• Negative real yields

• Stable real yields

• Rising interest rates