Don Curren 🇨🇦🇺🇦1 #TorstenSlok, chief economist at Apollo Global Management: Reasons why #gold prices started going up in 2022:
1. #Centralbank buying driven by #de-dollarization because of sanctions when Russia invaded Ukraine
2. Worries about #US #inflation … 🧵
2 …
3. Strong retail demand in #India and #China accelerated the upward trend.
Likely reason why #gold prices have declined recently:
1. #Investors needed #liquidity as they experienced losses elsewhere in their #portfolios.