PM flows: Gold ETF $11B out/DXY rotation/China PBOC +5t buys/Gundlach/Dalio/JPM $6300/contrarian rebound
Key Questions
What are recent gold ETF flows?
$11B/SPDR outflows signal risk-off post-war drop and DXY rotation. Contrasts with CB buying.
How much gold did China PBOC buy?
PBOC added 5t in March (17th month), most in a year as war slashed prices. Mexico CB/vaults also active.
What are gold price targets from analysts?
JPM $6300, Goldman $5400, Dalio 863t, UBS 800-850t. Contrarian rebound intact.
Why buy gold amid outflows?
Ceasefire aids dips, oil fragility/debt tailwinds. Gundlach/Dalio highlight safe-haven strategy.
Is central bank gold buying ending?
No, persists with PBOC surge despite war. Singapore eyes gold hub rivalry.
How has war affected PM sentiment?
Jolts investors to cash/energy/havens. Moderately bullish gold/silver FY27 amid uncertainty.
What drives PM rebound?
$40T debt forces Fed print, hard assets escape. Huge news for gold/silver holders.
Are they hiding a collapse via PM sales?
Rickards warns sales mask unseen collapse. Global uncertainty favors PMs long-term.
$11B/SPDR outflows risk-off post-war drop/DXY liq, vs PBOC 5t Mar (17th month)/Mexico CB/vaults/Putin ban/JPM $6300/Goldman $5400/Dalio 863t/UBS 800-850t. Ceasefire aids dips intact, oil fragility/debt tailwinds.