Energy analyst recommends long gold position amid Middle East escalation and recession fears

What was said

"I think I want to be long gold this time around. Own gold, because I think you've priced in all the rate hikes and the damage to gold. That everybody had anticipated going into this. And you see the reversal, you know, of, you know, whether if it's the US Fed, the other ones, so that the— I tend to think you now have the potential for upside in gold."

Jeffrey Currie argues investors should take long positions in gold as rate hikes are fully priced in and central banks are reversing policy. He contends gold will price in recession risks as labor data weakens and inflationary pressures build with diesel exceeding $140. This marks a shift in his investment thesis for the current geopolitical environment.