Matthew Piepenburg, partner at Von Greyerz, explains gold’s key underlying drivers.
“For us at Von Greyerz this has never been about price action — that’s a distraction,” he said.
“The real issue for us is what’s happening with currencies, and therefore what’s happening with the bond market, which is boring, but essential,” Piepenburg added.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.