World Gold Council Gold ETFs flow report and Gold Market Commentary for October 2022

Key highlights include: –

• Gold fell 2% in October on continued rising bond yields and dollar strength but it was positively impacted by higher breakeven inflation and slowing ETF outflows provided some support
• Looking forward: Historically, US midterm elections have been very positive for equities but only mildly supportive for gold
• We don’t see midterms having a meaningful impact on gold this time either, more likely gold will take its cue from the US dollar and monetary policy as it has done this so far this year
• Central banks dialing back aggressive rhetoric, slower ETF outflows and short-covering risk in COMEX futures may signal a brighter few weeks ahead.

Download the reports below.

https://retailjewellerme.com/wp-content/uploads/2022/11/GMC_October_2022.pdf

https://retailjewellerme.com/wp-content/uploads/2022/11/October-2022-ETF-Commentary.pdf