Geopolitical risk and private capital flows: gold price signals for mine planners - Geomechanics.io
Geopolitical risk and private capital flows: gold price signals for mine planners - Geomechanics.io
Source: Geomechanics.io
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DW NOTE
Gold is down 21% from its January peak while the Strait of Hormuz sits closed, oil trades above $100, and the Fed holds rates at 4%. That tells you everything about how mine planners should read geopolitical risk premiums: they evaporate the moment liquidity tightens. The capital won't flow to projects priced at $5,300 gold when the curve says $4,200.