skinny.

Latest / NAB Morning Call

Weekend Edition: Gold - safe haven or speculative investment?

Friday 24th July 2026Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.As the Brent price climbs back into triple digits and the tensions in the Gulf show no sign of easing, what does that mean for the price of gold. Logic would have dictated that geopolitical unease would strengthen gold as investors look for an inflation-proof safe haven. Instead, the opposite has happened. Prices fell. Why? More significantly why had they risen so much in the last couple of years? And the question everyone has, does it…

The skinny

The skinny isn't ready yet — notes appear once the transcript is processed.