Ann: Grant of EPM 26749 - Wallabadah Exended, page-5

I posted this on another thread but relevant here.

Thoughts on the recent Gold price for those interested.

1. The rise in geopolitical risk in the middle East (i.e. the recent oil tanker attacks in the Persian Gulf).
2. Trump and his trade war with China.
3. The US Fed signalling they may start reducing rates. The interest rate Futures are signalling 2-3 rate cuts this year which is great news for Gold.
4. Supply and Demand. Lack of discovery of major Gold reserves since the 2,000's.
5. Recent Central Bank buying of Gold. Turkey, Russian and Chinese Central Bank buying. Contributing to Demand.

https://www.bloomberg.com/news/articles/2019-05-02/central-bank-first-quarter-gold-buying-at-highest-since-2013

Could be the start of bigger moves over the next couple of years. Now if only they can start producing some decent quantities of Gold.