Macro Perspective 46 | Gold proves to be resilient

Old Mutual Investment Group

In this macro perspective episode, Peter Brooke discusses the surprising performance of gold this year – proving its resilience. Despite a strong dollar and rising interest rates, physical gold has delivered a 7% return in US dollars and an impressive 18% return for South African investors due to the weak rand. In the short term, gold serves as a protective asset against a slowing world economy and geopolitical risks, which could be good news for South African equities, where gold shares constitute 7.5% of the market.

For a deeper understanding of the factors influencing gold's performance and its implications for investors, tune in to the full podcast.

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