CoinVoice Latest News, Pepperstone research strategist Quasar Elizundia stated that after Moody's downgrade of the US credit rating, investors are reassessing the long-term outlook for US sovereign risk. The demand for safe-haven assets such as gold may increase. However, if ETF funds continue to flow out, the short-term upside potential for gold prices may be limited. He noted that last week there was a large outflow of 30 tons from gold ETFs.
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CoinVoice Latest News, Pepperstone research strategist Quasar Elizundia stated that after Moody's downgrade of the US credit rating, investors are reassessing the long-term outlook for US sovereign risk. The demand for safe-haven assets such as gold may increase. However, if ETF funds continue to flow out, the short-term upside potential for gold prices may be limited. He noted that last week there was a large outflow of 30 tons from gold ETFs.