bullish
Gold's Next Leg Up And Why It Matters
543 Views01 Apr 2024 14:23
The price of gold is now asymmetric. Demand is supported by central bank buying and increasingly retail interest in countries like China. Higher inflation and negative real rates will provide support
Boomeranged on Mon, 15 Apr 2024 08:41
The asymmetry of the price of gold is now playing out. If the Fed does not cut gold benefits as inflation continues to rise leading to a rapid decline in real rates, if the Fed cuts gold will benefit and if an exogenous event from geopolitics happens (like Iran's bombing of Israel) gold will benefit. The only risk for gold is if the Fed raises rates which is unlikely in an election year.
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David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro
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