Top Stories This Week: Gold Below US$1,800, Experts Say Long-term Drivers Intact

TL;DR

The gold price fell below $1800 per ounce due to a stronger US dollar and higher treasury yields, but experts still see it as a long-term investment opportunity. Terry Booth plans to lead Australis Capital in helping other cannabis companies build cultivation facilities and secure a percentage of their product.

Transcript

welcome back to our weekly update i'm charlotte macleod with the investing news network and this is your quick look at the stories we've been covering that you need to hear about the gold price fell back under the 1800 per ounce mark this week and was trading at about 1775 at the time of this recording as usual market watchers have pointed to a var... Read More

Key Insights

• ✋ Gold's price decline can be attributed to a stronger US dollar, higher treasury yields, and reduced interest as a hedge against inflation.
• 🍉 Experts advise taking advantage of price dips to acquire gold as a long-term investment.
• 🏅 Fiscal and monetary policies, along with geopolitical tensions, are the significant drivers for gold's future.
• 🤘 The US Federal Reserve and the European Central Bank's dovish monetary policies are expected to support precious metals like gold.
• 🏛️ Terry Booth aims to differentiate Australis Capital from Aurora Cannabis by focusing on helping other cannabis companies build cultivation facilities.
• 💗 Booth's strategy involves securing a percentage of the cannabis product grown by these companies through potential deals.
• 😮 The Federal Reserve intends to keep interest rates near zero until inflation and employment levels rise, signaling a longer recovery process.

Questions & Answers

Q: Why did the gold price fall below $1800 per ounce?

The gold price fell due to a stronger US dollar, higher treasury yields, and decreased interest in gold as a hedge against inflation.

Q: Should investors be discouraged by the lower gold price?

Investors should not be discouraged as gold is a long-term investment, and price dips can be seen as buying opportunities.

Q: What are the main drivers for the future of gold?

The main drivers for gold's future are fiscal policy, monetary policy, and geopolitical tensions. While geopolitical tensions have been less prominent, fiscal and monetary policies have been influential.

Q: What is Terry Booth's vision for Australis Capital?

Terry Booth plans to help other cannabis companies build cultivation facilities and secure a percentage of their product through deals, aiming for Australis Capital to have a unique identity separate from Aurora Cannabis.

Summary & Key Takeaways

• The gold price dropped below $1800 per ounce due to factors such as a stronger US dollar, higher treasury yields, and a lack of interest as a hedge against inflation.

• Experts believe that buying gold during price dips is a smart move as it is a long-term investment.

• Fiscal policy, monetary policy, and geopolitical tensions are the main drivers for the future of gold, with fiscal and monetary policies currently having a significant impact.