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William Blair: Escalating Geopolitical Risks & Macro Changes Buoying Gold Prices
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Gold prices have repeatedly set all-time highs with the rising geopolitical risks and increasing demand for diversifying investment portfolio risks, said Alexandra Symeonidi, William Blair's Senior Corporate Credit and Sustainability Analyst. Symeonidi attributed the recent gold rally to the geopolitical risk escalation and changes in the macro environment. Since the beginning of this year, geopolitical risks have resurfaced, and news related to the situations in Venezuela and Greenland have been pushing up gold prices. Uncertainty has also been swaying market sentiment. The unclear trajectory of the US economy and changes in the Federal Reserve leadership have cast doubt on interest rate policy direction. Furthermore, news of a criminal investigation into the Fed chair has exacerbated market volatility. All of these factors have provided upward momentum for gold prices. AAStocks Financial News |
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