AuAg Funds CEO Eric Strand says gold and silver should continue to shine amid market turmoil

Proactive - Interviews for investors

AuAg Funds CEO Eric Strand discusses the current trends in the gold and silver markets with Proactive's Stephen Gunnion. Strand highlighted how recent market turmoil, such as the Yen carry trade unwinding and shifts in US employment numbers, have impacted precious metals. He emphasised the stability of gold despite minor downturns and predicted a strong momentum for gold as US interest rates are expected to lower. Strand also highlighted significant buying activity from Asian markets, particularly China and India, alongside central banks' record purchases. He noted that the highest first half-year ever for central bank gold buying could signal another record year in 2024. Regarding silver, Strand pointed out its strong performance, driven by industrial demand and usage in solar power, despite recent volatility. Strand shared insights on the performance of AuAg Funds' ETFs, stating that the silver mining ETF has outperformed both the gold mining ETF and the commodity itself. He attributed this success to stable precious metal prices and lower mining costs, which are expected to result in better margins and returns for mining stocks. "Silver will catch up really fast when the market stabilises," said Strand. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #GoldMarket #SilverMarket #PreciousMetals #AuAgFunds #EricStrand #GoldInvesting #SilverInvesting #MarketTrends #CentralBankBuying #ETFs #GoldPrice #SilverPrice #ProactiveInvestors #InvestmentInsights #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews