Gold Looking at Significantly Higher Levels in Long-Term, Says Saxo Bank’s Hardy

The video discusses the recent trends in the gold market, highlighting the impact of Chinese buyers' inactivity and the steepening yield curve on gold prices. It explores the outlook for gold, considering factors like real interest rates, the dollar's strength, and financial repression. The discussion shifts to the Swiss franc, examining its behavior as a haven currency amidst market fluctuations and its correlation with the Japanese yen. The video concludes by noting the early stages of interesting developments in the FX market.

What has been a significant factor in the recent decline of gold prices?

• Strengthening of the euro

• Rising oil prices

• Inactivity of Chinese buyers

• Increased demand from India

What is a key factor that could influence the future outlook for gold?

• Increased gold mining

• Financial repression

• A stronger dollar

• Rising real interest rates

Which currency is mentioned as having a high correlation with the Swiss franc?

• British Pound

• Japanese Yen

• Australian Dollar

• Canadian Dollar

What recent trend was observed in the Euro-Swiss exchange rate?

• Swiss franc strengthening against the yen

• No change in the exchange rate

• Euro strengthening against the Swiss franc

• Euro weakening against the Swiss franc

What is a potential reason for the lack of movement in sight deposits in the Euro-Swiss market?

• High demand for Swiss francs

• Strong economic growth in the EU

• Increased fiscal policy transition

• Absolute zero monetary policy