Weekend Edition: Going for Gold
Friday 4th October 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.Gold has traditionally been seen as a hedge against inflation and geopolitical uncertainty. Yet, in the last few weeks we’ve seen gold repeatedly hitting new highs, even as inflation recedes. The response to the unrest in the Middle East this week hasn’t had the marked impact you might have expected. Gold has been higher at times when the situation has been more contained. So, what is the driving force behind rising Gold prices? John…
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