Still More Upside for Gold Longer-Term, Says State Street’s Jones

The video discusses the recent performance of gold, highlighting its strong run over the past year. It explores the role of speculative investors, ETF flows, and central bank demand in influencing gold prices. The discussion includes the impact of global economic factors, such as the de-dollarization efforts by countries like Russia and China, and the significant gold purchases by central banks, including Poland. The video also examines retail and consumer demand trends in major markets like China and India, noting the effects of tax changes and price fluctuations. Overall, the video suggests that despite short-term pullbacks, gold remains a valuable asset with potential upside.

What has been the trend in speculative investors' positions on gold according to the CFTC information?

• They have established a large net short position.

• They have established a large net long position.

• They have not changed their positions significantly.

• They have completely exited their positions.

Which factor is contributing to the long-term demand for gold from central banks?

• Increased reliance on the US dollar

• De-dollarization efforts by countries like Russia and China

• Rising interest rates

• Decreasing gold prices

Which country made the largest six-month purchase of gold by central banks since 2009?

• India

• China

• Poland

• Russia

What is one reason for the potential softening of retail demand for gold in India?

• Lack of interest from investors

• High opportunity cost of holding gold

• Increase in import taxes on gold

• Decrease in gold prices

In the current economic environment, what is the opportunity cost of holding gold?

• Minimal

• Moderate

• High

• Non-existent