In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, discusses the key drivers for gold prices over the past few weeks, including geopolitical uncertainty and the impact of tariffs on the US economy.
📆 Recorded on Tuesday 26th August 2025, this episode explores:
- Insights into current managed money and ETF positioning in the gold market.
- Frappell's technical analysis of gold, including short-term and longer-term price targets using the Ichimoku cloud indicator.
- A deep dive into the current state of the US Dollar and how recent events regarding the Federal Reserve's independence are impacting it and gold.
- A look at the Chinese market, including the struggling property sector and the disconnect between economic performance and stock market rallies.
📈 Frappell also examines:
- How Chinese property prices continue their downward glide.
- What the Taylor rule suggests about interest rates.
- How the Fed's independence is being challenged and why that's potentially positive for gold.
🕒 Timestamps:
- (00:00) – Introduction
- (02:29) – Driving factors for gold prices
- (04:40) – Tariffs and gold
- (5:26) – How Powell’s Jackson Hole speech impacts gold
- (10:00) – Managed money and ETF positioning
- (11:04) – Gold price targets
- (14:13) – What's happening with the US Dollar?
- (16:19) – Where the Fed fund's rate 'should' be
- (18:28) – A look at the Chinese market
- (21:33) – Where should you be watching when it comes to gold?
🔗 More Resources:
Visit: https://www.abcrefinery.com/podcast
Follow Nick Frappell: https://twitter.com/nick_frappell
Follow Shae Russell: https://twitter.com/shaearussell
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