Au= gold. Agree, it will go down a little in the short run if the pattern is somewhat like 2008. Then, they flew out of stocks into USD/ treasuries. But the euros might park into gold somewhat more than USD than the
last time.
But as for markets, as in ‘08 the USD could be relatively strong but markets all around weak. Hussein could face the triple threat of market crash, recession and unemployment spike.
Hussein could face the triple threat of market crash, recession and unemployment spike.
They won’t be able to spin that to their advantage.