Stocks Most Affected by Pandemic Have Room to Recover: De Mello

The video discusses the impact of reflation on various sectors, highlighting the energy and financial sectors' improvement due to cyclical recovery. It also covers the recovery of travel stocks post-pandemic. The performance of gold is analyzed, noting its decline due to higher real yields and risk-seeking investor behavior. However, gold is seen as an attractive alternative currency amidst central bank balance sheet expansions, with potential demand growth from India and China.

Why is gold considered attractive despite its recent performance?

What impact do central bank balance sheets have on the demand for gold?