Maxwell also argued that while Asian demand has been relatively weak so far this year, China and India could see demand recover over the next six to ten months, especially as the traditional wedding and gift giving seasons quickly approach.
Uncertainty has been a major market theme, pushing investors toward the safety of hard assets like precious metals, and quickly approaching presidential election may further fuel volatility.
“We are in period of episodic volatility,” Gold said. “The level of volatility has been magnified this year.”
SEE MORE: Gold ETFs May Still Maintain Their Momentum
Investors can gain exposure to these precious metals through a number of physically backed ETF options, including ETFS Physical Swiss Gold Shares (NYSEArca: SGOL), ETFS Physical Silver Shares (NYSEArca: SIVR), ETFS Physical Platinum Shares (NYSEArca: PPLT) and ETFS Physical Palladium Shares (NYSEArca: PALL). ETF investors can also use the ETFS Physical Precious Metals Basket Shares (NYSEArca: GLTR) as a catch-all of all four precious metals.
For more information on the metals market, visit our precious metals category.