New all-time highs in gold are likely as central banks accelerate their purchases of gold and reduce purchases of government debt from developed economies, with central banks balancing their asset bases with more gold and fewer euro-denominated reserves and treasuries, a process that typically intensifies in the September-to-December period.

forecastpending

Speaker

Daniel Lay

Evidence Quote

We will see new all-time highs of gold as the decision of central banks of purchasing more gold and less government debt from developed economies accelerates [33:30]

Source

MacroVoices #492 Daniel Lacalle: The End of American Exceptionalism?Macro Voices
Created: 8/11/2026, 7:39:51 AM

My Notes

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