BNN Bloomberg: Western response to Ukraine war driving gold: Aspell

On BNN Bloomberg with Roger Petersen, David Aspell, Co-Chief Investment Officer, discussed what’s behind gold’s remarkable climb, explaining that “the underlying demand for it is very real.”

He pointed to the Western response to the Ukraine war, including the freezing of Russian assets, as a catalyst for nations to seek alternatives to U.S. Treasuries, driving sustained interest in gold and even Bitcoin as stores of value. 

David also noted the challenge of interpreting markets amid recent data delays from the U.S. government shutdown, while discussing stronger-than-expected corporate earnings, the resilience of AI-driven tech, and why the U.S. economy continues to outpace other developed markets.

WATCH INTERVIEW