Could Be Some Weakness in Gold Prices Near-Term, Says ABN Amro’s Boele

The video discusses the current market sentiment towards gold, highlighting the positive outlook due to expectations of dovish monetary policy from the Fed and other central banks. It examines the potential for gold prices to weaken in the near term if the market's expectations for rate cuts are not met. The discussion also covers the role of gold as a safe haven and its behavior as a currency, influenced by investor sentiment and market dynamics.

What role does physical demand play in the gold market as discussed in the text?

In what way has the market for gold changed since 2004 according to the speaker?