Gold Rallies on Brexit Fears

The video discusses the impact of Brexit on gold prices, highlighting the differences in gold pricing in dollar and sterling terms. It examines the physical demand for gold in India and China, noting the influence of cultural events and economic conditions. The role of Dubai as a key player in the global gold market is explored, particularly in relation to Indian demand and gold tourism. The video also compares gold pricing across major global markets and delves into the relationship between gold and oil prices, emphasizing the lack of direct correlation but noting the impact of market volatility.

How much has gold increased in sterling terms due to Brexit?

• 30%

• 15%

• 26%

• 21%

Which two countries account for almost 70% of the total physical demand for gold?

• USA and China

• India and China

• India and USA

• China and Russia

What is the impact of the monsoon season on gold demand in India?

• Increases demand

• Decreases demand

• Fluctuates demand

• No impact

What is the role of Dubai in the gold market?

• A storage hub for gold

• A consumer market

• A feeder market into India

• A major producer of gold

What is 'gold tourism' in the context of Dubai and India?

• Tourists buying gold in Dubai for leisure

• Indians buying gold in Dubai to avoid import duties

• Dubai residents traveling to India to buy gold

• Tourists visiting gold mines in Dubai

How many barrels of oil can one ounce of gold buy today?

• 30 barrels

• 20 barrels

• 15 barrels

• 27 barrels

What is the typical relationship between gold and oil prices?

• Gold prices decrease when oil prices increase

• No real correlation

• Gold and oil prices always move together

• Gold prices increase when oil prices decrease