GEOPOLITICS: Gold - An outright Winner in the post-Covid Economy
GEOPOLITICS: Gold - An outright Winner in the post-Covid Economy By Iain Fraser - Geopolitical Journalist www.GEOPoliticalMatters.com Google Indexed at 08:57 on 180820 With problems escalating in the Gulf not least the odd-ball tactics of Iran in the strait of Hormuz and the Mexican stand-off between Saudi-Arabia and Russia, on 25th May I wrote an article titled Is Gold still a resilient hedge to stem Geopolitical fallout? [17 March 2020 Pegged: €1331.00 per oz.] The article was to highlight my ongoing project to monitor the Geopolitical and Macroeconomic effect on Oil -v- "Spot" Gold prices and examine the resilience of Gold as the World started to feel the enormous Geopolitical impact of the Covid-19 Virus. Oil prices have suffered terribly at the hands of multiple Geopolitical actors not least the madcap antics of the Iranians in the Strait of Hormuz and the Mexican stand-off between Saudi Arabia and Russia which of course hasn't done Russia any favours let alone the p...