Remarks at the LBMA panel: “behind the analysis”, 27 February 2023
Let me start by saying thank you very much for inviting me! It’s a great pleasure for me to be on today’s panel hosted by the LBMA.There are a number of factors that I believe will be quite supportive of the price of gold this year and in the years to come, irrespective of some recent headwinds.
The key word in this context is “de-dollarisation”. While I do not believe the greenback will lose its global reserve status overnight, I do anticipate that more and more private and institutional investors will tend to swap some of their US dollar holdings for other assets, including the yellow metal. This should also help push the market valuation of gold higher.
The central banks’ interest rate hiking frenzy is certainly negative for gold: Higher interest rates increase the opportunity costs of holding gold, lowering demand and hence the price. I don’t want to talk too much about macroeconomics at this juncture.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Strong results for Pegasus Cheer in the GTA(Submitted by Pegasus Cheer) On Saturday, February 25 and Sunday, February 26, 2023, Pegasus Cheer Athletics' ...
Lire la suite »