Email of the day - on Basel III and gold:
Comment of the Day

June 29 2021

Commentary by Eoin Treacy

Email of the day - on Basel III and gold:

Greetings Eoin, I hope you've settled in comfortably after your move. Do you have an opinion or observation about the possible effects of Basel III might have, if any, on the price of gold? Thank You.

Eoin Treacy's view

Thank you for this question which has been circulating in the gold sector for the last couple of months. The prospect of Basel III positive impacting gold prices was first raised two years ago. The argument centred on the prospect of gold being raised to tier 1 status which would put it on par with cash-like instruments. The gold price broke out in June 2019 and trended higher for more than a year to new all-time highs.

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