U.S. Gold Price Intervention Risks Backfire as Global Pressures Mount

• U.S. may attempt to restrain gold prices, but this could backfire and drive prices higher • Recent $1.6B gold futures sale showed potential price manipulation, although source is unclear • Drivers of rally not totally clear - lack of ETF inflows, retail demand data from China • Risk that rally falters without western investment, but attempted price management could fail • Growing global pressures on dollar could trigger more gold investment as a hedge