Mined Commodities May Push Higher on Structural Trends: Expert

Gold’s recent trading saw a downturn after hitting nine consecutive intraday record highs, influenced by March’s CPI indicating persistently high prices. Francisco Blanch of Bank of America Securities highlighted the significant role of central bank and Chinese retail buying in gold’s surge, attributing it partly to cyclical factors but mainly to a structural trend driven by geopolitical tensions between the West and countries like Russia and China.