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  5. PHYS: Following the latest developments in the easing of the trade war, are you still bullish on gold as a longer term theme? [Sprott Physical Gold Trust]
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Q: Following the latest developments in the easing of the trade war, are you still bullish on gold as a longer term theme?
Asked by André on May 14, 2025
5i Research Answer:

Yes; while the 'haven' trade may diminish a bit, if the tariff wars diminish then the path to lower interest rates should be clearer, and this should help gold. But after recent events investors we think better realize now that gold is a good place to go when currencies are destabilizing.