Nutmeg’s CIO Likes the Yen More Than Gold

The video discusses the current state of oil and gold markets. It highlights the factors influencing oil prices, such as high global supply and weak demand, particularly from China. The potential for conflict escalation could drive oil prices higher. The discussion then shifts to gold, examining its role as a hedge against geopolitical tensions and its effectiveness as a portfolio diversifier. The impact of a weaker dollar on gold prices is also considered, with a preference for the yen over gold as a diversifier.

What does the speaker suggest about the current state of global oil supply and demand?

What alternative to gold does the speaker prefer at the moment?