UBS On-Air: Paul Donovan Daily Audio 'A gilded age'
UBS On-Air: Market Moves · Podcast owner
September 2, 20252m 16s
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Show Notes
Gold prices hit a new record overnight. The gold rally has its foundations in central bank accumulation. Central banks that hold gold still hold a dollar reserve asset (just one that is independent of US Treasury control). That foundation has been built on with expectations of US rate cuts.