Gldm stock price forecast "GLDM stock price forecast" is

"GLDM stock price forecast" is underpinned by robust physical gold demand in Asia, contributing to higher spot prices and ETF valuations. Gold prices tend to move inversely to interest rates. When interest rates decline, non-interest-bearing gold becomes more attractive as it competes more favorably with interest-bearing investments like bonds. The new desk will initially handle semi-processed bars but could eventually compete with global banks in the refined bullion trade, people familiar with the matter said to Bloomberg. The trading landscape is shaping up to be competitive. Trafigura is looking to challenge large global banks, while itself fending off competition such as Vitol Group , Mercuria Energy , and Gunvor Group . In macro context, "GLDM stock price forecast" is supported by weakening USD index, which inversely correlates with gold performance. A DXY drop below 103.0 may act as a tailwind.