Understanding the Rise and Recent Fall in Gold Prices | Torsten Slok's The Daily Spark | Apollo Global
Apollo: The chart book (available here) looks at why gold prices have increased so much since 2022, and why they have declined more recently.
Reasons why gold prices started going up in 2022:
- Central bank buying driven by de-dollarization because of sanctions when Russia invaded Ukraine
- Worries about US inflation
- Strong retail demand in India and China accelerated the upward trend
Likely reason why gold prices have declined recently:
- Investors needed liquidity as they experienced losses elsewhere in their portfolios
References
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