Besides the Fed, What Is Driving Gold?

The video discusses the impact of US monetary policy on gold prices, highlighting how financial market uncertainty and physical market weakness influence gold's performance. It also examines the dynamics of the gold market, including China's import patterns and seasonal trends. The analysis extends to the platinum market, noting its supply deficit and potential price base, with a focus on South Africa's significant role in platinum production and the effects of Rand depreciation and wage negotiations on supply and costs.

What was one of the main reasons gold struggled to rally last year?

• Strong physical market

• US monetary policy rate hikes

• High demand in China

• Increased jewelry demand

What could potentially lift gold prices according to the discussion?

• Dovish comments from the US monetary policy

• Increased imports from India

• A strong US dollar

• Decreased financial market uncertainty

What is a potential downside risk for gold prices if they rally quickly?

• Establishment of weak longs

• Increased jewelry demand

• Strong physical market

• High imports from China

What is a significant factor affecting platinum prices this year?

• High stock levels in Europe

• Decreased supply from Russia

• Increased jewelry demand in the US

• Wage negotiations in South Africa

How does the depreciation of the Rand affect platinum producers?

• It lowers production costs

• It increases production costs

• It has no effect on production costs

• It increases supply