Gold Has More Upside Than Downside, Macquarie WM Says

The transcript discusses investor sentiment regarding the economic outlook, focusing on interest rates and trade tensions. It highlights the potential impact on equities and the gold market, noting factors like US dollar weakness and inflation. The discussion also covers central bank actions in New Zealand and Australia, with potential interest rate cuts and their implications for the economy.

What is the current stance of interest rates according to the discussion?

• Interest rates are expected to rise significantly.

• Interest rates are on hold with a possibility of a cut.

• Interest rates are decreasing rapidly.

• Interest rates are irrelevant to the current economic situation.

What potential event could resolve trade tensions according to the transcript?

• An increase in global manufacturing output.

• A change in U.S. monetary policy.

• A new trade agreement with the European Union.

• A meeting between President Trump and President Xi at the G20.

Which factor is NOT mentioned as a positive influence on gold prices?

• Rising oil prices

• Increase in speculative trade flows

• Global trade tensions easing

• U.S. dollar weakness

What is the expected trend for the U.S. dollar if gold prices increase?

• The U.S. dollar will become irrelevant.

• The U.S. dollar will remain stable.

• The U.S. dollar will strengthen.

• The U.S. dollar will weaken.

What is the anticipated action of the Reserve Bank of New Zealand?

• Increase interest rates

• Maintain current interest rates

• Introduce a new currency

• Cut interest rates