A year ago (Jan. & Feb. 2023), in a series of interviews with Asharq News with Bloomberg and BBC News (Asia), World Pensions and Singapore Forum founder Nicolas Firzli predicted that “large public pension funds and sovereign wealth institutions would step-up their allocation to gold in the next 12 to 15 months, as the dual quest for real assets (gold, farmland, forestry, tech infrastructure and energy resources) and flight from man-made monetary debasement accelerates” . [interviewee personal opinion at the time]
Earlier today, in Asia Pacific trading, the spot price of gold (XAU/USD) broke the $ 2,300 threshold amidst conflicting interest rates signal sent by the Federal Reserve and the European Central Bank — not to mention resurgent inflationary pressures in some G20 jurisdictions, and increasingly costly, intensifying wars in Southern Gaza (Hamas/Israel) and the Donets Basin (Ukraine/Russia)
Adding intricacies to the market equation, there’s also a dynamic relationship (complex correlation) between gold (XAU) and oil (Brent) prices, as we’ll discuss in our upcoming TV interview (Sunday, 7 April 2024, @10:30 am Abu Dhabi/Dubai time)
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