Alan Higgins

Buy into geopolitical corrections in equities because such risks are temporary and markets are driven by corporate earnings in the long run. The current correction is not fundamental like the 2022 inflation-driven one, and central banks will not raise rates on temporary commodity inflation. Stay invested and buy dips.

Gold is structurally underowned by family offices and sovereign wealth funds, and central bank buying provides support. It is preferred over interest rate risk as a portfolio hedge. While tactical timing is difficult, maintaining a structural long position is advised given the underallocation and ongoing geopolitical uncertainty.