Kitco News: Gold’s pullback creates attractive entry as de-dollarization turns structural
- Jun 23
- 1 min read
Gold's recent correction has raised a familiar question: is the bull market over, or is this an entry point?
CIO of Managed Futures and COO Jerry Prior told Neils Christensen at Kitco News that the structural case remains intact and the pullback may be the opportunity.
"I think, given the repricing of gold here, it's probably a pretty good entry point. There's a long-term de-dollarization theme that is structural, and I think it will be persistent."
The driver is reserve diversification. Countries that have been accumulating oil income are looking for a store of value outside of the U.S. dollar and the Treasury market. That capital doesn't disappear in a correction. It waits.
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