Maurice Gravier 5.0 1 idea

Maurice Gravier explicitly stated that Emirates NBD moved gold from overweight to neutral in their portfolios. Gold was acting as a crisis asset but has become crowded, and higher financial conditions reduce its immediate attractiveness. Neutral direction because they no longer see an edge in being overweight gold, trimming risk amid market uncertainty. If the Iran conflict escalates further, gold could rally again as a safe-haven asset, making neutral positioning premature.