Analyst: If ETF funds continue to flow out, the short-term upside potential for gold prices may be limited.

ChainCatcher

2025-05-21 12:59:39

ChainCatcher news, Pepperstone research strategist Quasar Elizundia stated that after Moody’s downgrade of the U.S. credit rating, investors are reassessing the long-term outlook for U.S. sovereign risk. The demand for safe-haven assets like gold may increase. However, if ETF funds continue to flow out, the short-term upside for gold prices may be limited. He pointed out that last week, there was a significant outflow of 30 tons from gold ETFs.

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