Gold's Path Ahead: Expect Volatility, Central Bank Moves, and Election Impacts

In this special episode of The Pod of Gold, recorded live at IMARC Sydney 2024 Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery dives into key predictions, including his previous forecast for gold’s climb to $2,780, which has now come to fruition.

Frappell examines new price targets for gold, including technical levels of $2,808 and a more distant possibility of $3,500.

Plus, the hot topic of de-dollarization and discuss how China’s economic structure shapes its dollar dependence.

PODCAST INFO:

• ABC Refinery website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.abcrefinery.com/podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
• Nick Frappell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/nick_frappell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
• Shae Russell: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/shaearussell⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.

Timestamps:

• (0:00) – Introduction and Overview
• (0:30) – Revisiting Last Year’s Predictions and Gold’s Climb to $2,780
• (1:49) – New Price Targets: $2,809 and Long-Term Outlook
• (3:22) – U.S. Elections and Their Impact on Market Volatility
• (4:29) – Central Bank Buying Trends and Insights from UK Gold Exports
• (6:48) – China’s Economic Slowdown: Impact on Global Gold Demand
• (10:09) – The De-Dollarization Debate and Future of Reserve Currencies
• (16:45) - Geopolitical Risk in the Middle East and Its Influence on Gold
• (22:27) – Closing Remarks and Preview of Election Insights