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Is gold the next metal to be added to the list of “critical minerals”?
Gold is not a vital component of advanced manufacturing like other critical minerals such as rare earths, lithium and copper.
But the precious metal appears to be undergoing a subtle shift in how it is viewed by governments and investors.
Since countries moved away from the gold standard by the early 1970s, gold has largely been viewed as a relatively niche part of investment portfolios and government reserves.
Gold was something that was added to portfolios as an inflation hedge or during times of heightened geopolitical tensions.
In some ways, the role of gold in both central bank and investment portfolios was overtaken by bonds, with US Treasuries becoming the most important of these assets.
But the return of Donald Trump to the US presidency is leading to a global reassessment of the relative…
