WGC expert suggests gold could face short-to-medium term pressure due to various factors like easing geopolitical or trade risks, strengthening dollar, and weakening gold investment demand.
The decline in gold could be driven by scenarios like drying up of central banks' demand, competition from other assets, waning consumer interest, and significant rise in gold supply according to the WGC analysis.
Despite potential challenges, WGC believes gold's role as a strategic asset for portfolio diversification will continue to shine amidst ballooning global government debt and ongoing geopolitical risks.
Gold prices rose over 1% following US President Donald Trump's announcement of new tariffs, ending at $3,356.93 per ounce. Various experts suggest that gold's recent bullish momentum may have softened in recent times.