The gold price has been on a ride so far this year, with gains made as geopolitical tensions boosted global demand for the safe haven metal, and losses logged as the Federal Reserve resolved to keep raising interest rates to get inflation under control.
The precious metal has been hailed as a hedge against inflation, but the chief executive of the world’s top gold producer, Tom Palmer, holds a conservative view on the gold price, saying gold is a store of wealth for millennia in a transparent and highly regulated market.
