These themes capture motives behind gold demand; most importantly, investment demand, which is considered the marginal driver of gold price returns in the short run. These themes capture motives behind gold demand; most importantly, investment demand, which is considered the marginal driver of gold price returns in the short run. Political Risk Score calculated as average of all countries in the Oxford Economics Political Risk score universe. Political Risk Score calculated as average of all countries in the Oxford Economics Political Risk score universe. Model is multivariate OLS with log global recycling (t) as dependent variable, gold price is average LBMA Gold Price PM.

Source: New York Times March 07, 2024 12:51 UTC