Gold Surges to One-Year High Driven by ETF and Retail Interest from Young Investors.

Standard Chartered reports that as gold attempts to reach $2,000 an ounce, ETF and retail interest is increasing, with scope for further growth. Tactical positioning rose at the fastest pace over the past two weeks since June 2019, and ETF flows turned positive for the first time in 10 months. Retail interest in gold also jumped in March, with the US Mint reporting coin sales of 187.5koz, its best-selling March in at least a decade. From a macro perspective, gold's two obstacles, a high US dollar and the equity market, are disbanding.