Gold has rallied for many reasons in recent years, including safe-haven flows, a desire for wealth preservation, concerns over currency debasement, an inflation hedge, and in response to the liquidity injected by global central banks into the financial system. Despite the sharp rise in the price of gold, why is the demand for the yellow metal so strong and what is the outlook? Bart Melek, Head of Commodity Strategy, TD Securities discusses his views and outlook for gold.
During the interview, Bart Melek addresses the following:
- Is QE3 affecting the price of Gold?
- What is driving demand?
- What factors are affecting the supply side of the equation?
- What is your price target for gold?
- Gold bullion, ETFs, Stocks; which do you like?
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