Even though gold bullion is attractively priced, the yellow metal is still facing many headwinds, said Will Rhind, CEO of GraniteShares.
“Gold clearly at this sort of price represents good value compared to the all-time high in gold that we saw a few years ago. Compared to equities, compared to bonds, compared to real estates, other asset classes, it certainly looks attractive here,” Rhind told Kitco News.
Rhind noted that the strong U.S. dollar has weighed down on consuming countries like China and India, which in turn have brought down demand for gold.