TY - JOUR T1 - The Disconnect Between Physical Gold Demand and Gold Prices JF - The Journal of Wealth Management SP - 112 LP - 121 DO - 10.3905/jwm.2013.16.3.112 VL - 16 IS - 3 AU - Haim A. Mozes AU - Serge Cooks Y1 - 2013/10/31 UR - https://pm-research.com/content/16/3/112.abstract N2 - This article provides empirical evidence that the drivers of physical gold demand are different from the drivers of gold prices and concludes that increasing physical gold demand does not imply higher gold prices. Accordingly, one should not expect rising gold demand from emerging market countries to support gold markets and to lead to a recovery in gold prices back to the recent highs.TOPICS: Commodities, emerging, performance measurement ER -