Accumulate more gold at current levels: Julius Baer CIO

Julius Baer strategist Bhaskar Laxminarayan says that despite gold being priced in dollars, ongoing currency debasement dynamics reinforce rather than undermine its appeal and that gold remains an effective hedge. This view supports the case for sustained demand for gold and gold-backed instruments in an increasingly multipolar global order, but is commentary-level insight unlikely to move markets materially.

Analysis

Julius Baer strategist Bhaskar Laxminarayan says that despite gold being priced in dollars, ongoing currency debasement dynamics reinforce rather than undermine its appeal and that gold remains an effective hedge. This view supports the case for sustained demand for gold and gold-backed instruments in an increasingly multipolar global order, but is commentary-level insight unlikely to move markets materially.