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 factors have contributed to the recent performance of gold?

How has speculative ETF demand influenced the gold market?

What is the expected volatility in the gold market based on current trends?

What role do interest rates play in the outlook for gold?

In what way is the dollar trend significant for gold?