The Pod of Gold: Gold Above $3,000: What’s Driving the Rally & Where to Next?

In this episode of The Pod of Gold, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks the powerful forces pushing gold above USD $3,000 per ounce — and whether it has further to go.

Recorded on Monday 14th April 2025, this episode dives deep into the drivers of the current gold rally.

Don’t miss Nick’s sharp commentary on America’s evolving economic policy and its ripple effects across precious metals markets.

Timestamps:

• 00:00 – Introduction
• 01:30 – The role of tariffs, inflation expectations, and market volatility
• 03:21 – The fall of the USD and rising bond yields
• 06:35 – Managed money positioning
• 11:13 – Price targets for gold, including resistance levels
• 13:47 – Fed Chair Powell’s comments downplaying inflation concerns
• 16:47 – Key takeaways