Gold's Ascent: Geopolitics, Debt & Technicals Point to Further Price Rises

• EU's freeze of Russian central bank assets highlights geopolitical risk, prompting global central banks to increase gold purchases as a safe, non-sovereign liability asset.
• Rising government interest costs due to high debt and rates erode confidence in paper currencies, making gold a crucial hedge against fiscal and monetary uncertainty.
• The gold-silver ratio, now at 2021 levels, suggests gold is undervalued relative to silver and poised for a 'catch-up' rally, supported by strong technical indicators.
• Gold remains a resilient asset, driven by geopolitical uncertainty, central bank demand, and expectations of monetary easing, indicating potential for significant upward movement.
• Investors view gold as a strategic hedge and a reliable store of value amidst global economic and political shifts, rather than just a short-term trade.

Why It Matters: Gold's fundamental and technical indicators suggest continued price growth, driven by global uncertainty and central bank demand.