这位道富银行（State Street）首席黄金策略师强调，The strategist who established the world's first gold etf believes that gold looks good for the remaining time of this year and the prospects for next year.
Twenty years later, the founder of the world's first gold etf still bullish on this precious metal.
"The rest of this year and next year look good," George Milling-Stanley said this week on CNBC's "ETF Edge" program.
The chief gold strategy of State Street emphasized that the demand from central banks and individual investors in emerging markets such as India and China is a key factor driving the rise in gold prices.
Even after the pullback in gold futures and SPDR Gold Shares ETF (GLD) post-election, it did not affect their record gains this year.
Milling-Stanley noted, "Since the November 5th election, there has been a significant increase in investor interest in risk assets. That's why we've seen significant gains in stocks and cryptos," with gold and gold etfs now "starting to regain lost ground."
Twenty years ago, the launch of GLD changed the rules of commodity ownership and became the world's largest gold etf by scale.
Since then, with the surge in demand for gold, investment in gold has shifted from jewelry to gold bars and etfs. Milling-Stanley describes the increased investor demand as a "tremendous shift" in the commodity investment landscape and entire portfolio management.
Todd Sohn, ETF and technical strategist at the investment research institution Strategas, stated that GLD has attracted more investors into the gold market because ETFs can provide a broader channel.
"No matter what your ultimate goal is, GLD can help you diversify your portfolio beyond stocks and fixed income tools," said Sohn.
Since its inception, GLD has risen by 451% and increased by 29% in 2024.
