PRECIOUS METALS | Gold Demand Remains Strong Amid Uncertainty, Analyst Says

On April 29, Jin10 reported that Priyanka Sachdeva from Phillip Nova highlighted in a report that the potential demand for gold as a hedge against uncertainty remains robust. According to Jin10, this suggests that even if the upward momentum is limited, macro-level uncertainties will continue to provide structural support for gold prices. She noted that the strengthening of the U.S. dollar and expectations of interest rate cuts have limited gold's upward momentum, as these factors diminish the appeal of non-yielding assets like gold.