CryptoGlobe
2024-04-12 08:18:54

What Is Driving the Gold Price to Record Highs Despite ETF Outflows? Gabelli Funds’ Chris Mancini Explains

On 11 April 2024, during a CNBC “Power Lunch” segment, Chris Mancini, associate portfolio manager at Gabelli Gold Fund, offered a detailed examination of the current dynamics in the gold market. Despite noticeable outflows from gold-backed ETFs, a situation that typically leads to lower prices, the price of gold has been moving higher. This intriguing

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