In this macro perspective episode, Peter Brooke discusses the surprising performance of gold this year – proving its resilience. Despite a strong dollar and rising interest rates, physical gold has delivered a 7% return in US dollars and an impressive 18% return for South African investors due to the weak rand. In the short term, gold serves as a protective asset against a slowing world economy and geopolitical risks, which could be good news for South African equities, where gold shares constitute 7.5% of the market. For a deeper understanding of the factors influencing gold's performance and its implications for investors, tune in to the full podcast.  Thanks for listening! Follow us on Linkedin.