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Our investment strategy for April 2023

BNP Paribas Wealth Management

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The Benefits of the Banking Stress on Precious Metals

The asset class that we like and we've liked for some time is precious metals. There are three factors that are driving gold at the moment, which I think will continue to drive gold higher. A falling US dollar because the US Federal ReserveWe think is at the end of its rate hiking cycle. The fact that central banks around the world are still buying huge amounts of gold for the reserves. So there is an ongoing demand from central banks for physical gold to replace some of their dollar reserves.

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