Gold’s short-term shine: geopolitical risk and EU reserve plans drive favourable outlook

Gold will remain favourable in the short term due to the uncertainties in the geopolitical environment around the world. The ongoing EU plans regarding frozen Russian reserves serve as a further compelling reason to favour gold. Plans have existed for some time to utilise the Russian central bank’s frozen assets, which exceed EUR 200 billion, as security or collateral for a loan to Ukraine.EU reserve plans and Eurozone’s reduced appeal With the US having suspended aid payments to Ukr