The Pod of Gold: Gold’s Year-End Review: Tariffs, Targets, and Global Shifts

In the final Pod of Gold episode for 2024, Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, unpacks a tumultuous year for the gold market and provides a look ahead to 2025. Exploring the latest market movements, including the impact of the proposed Trump tariffs on gold and silver imports, recent shifts in gold’s forward curve, and key technical price levels for the metal.

Frappell offers insights into geopolitical developments, from the fall of the Assad regime in Syria to China’s pivot toward fiscal expansion. The discussion also touches on managed money positioning, ETF outflows, and how these factors are shaping the gold market as we close out the year. With forecasts for gold’s targets in 2025 and a recap of pivotal moments from the past year, this episode is packed with expert analysis to wrap up 2024.

Timestamps:

• 00:00 – Introduction and Gold Market Overview
• 01:00 – Impact of Trump’s Proposed Tariffs on Gold and Silver Imports
• 05:15 – Managed Money Positioning and ETF Trends
• 07:06 – Gold’s Technical Levels and Ichimoku Cloud Analysis
• 09:00 – Gold’s Targets on Point and Figure
• 10:30 – Geopolitical Update: Syria and Middle Eastern Uncertainty
• 12:09 – China’s Fiscal Expansion and Its Global Implications
• 14:08 – Key Takeaways for Gold Investors in 2025