29 November 2022 | Other

Yellow metal flows from the West to the East

According to Bloomberg reports, a considerable part of Western investors refuses gold. It mostly concerns institutional investors. In Asia, at the same time, there is an absolutely opposite picture. Investors, realizing that gold prices have fallen, have started to buy more coins, bars and jewelry.

After it became obvious that the demand for gold in the East has noticeably increased, the metal is withdrawn in large quantities from Western vaults to go to, for example, the Shanghai Gold Exchange or the Istanbul’s Grand Bazaar.

Joseph Stefans, head of trading at MKS PAMP SA, commenting on the situation, stressed the lack of interest in gold among Western investors. Thus, it can be said that there is a movement of metal from the West to the East. He also noted that it’s important to keep abreast of the latest trends.

The East is successfully taking advantage of the fact that the West gives up gold as it’s falling. The East needs the metal to build up its gold reserves, thereby protecting itself from the inflation of domestic paper currencies.

Company MarketCheese
Period: 01.05.2025 Expectation: 1000 pips
GBPUSD to test level of 1.34 again
25 April 2025 55
Brent sell
Period: 01.05.2025 Expectation: 660 pips
Trade uncertainty and excess OPEC+ supply are dragging down Brent
25 April 2025 40
Period: 29.04.2025 Expectation: 600 pips
USDCAD to head towards 1.39400 after rebounding from 1.38200
25 April 2025 34
Period: 02.05.2025 Expectation: 1669 pips
AUDCAD gains on potential easing of trade tensions between US and China
25 April 2025 35
Period: 30.04.2025 Expectation: 12000 pips
ETHUSD set to test upper boundary of downtrend channel
24 April 2025 90
Period: 25.04.2025 Expectation: 500 pips
AUDUSD to fall to 0.63000
24 April 2025 45
Go to forecasts