Macquarie: Gold prices would need to be 20% lower than current levels before considering purchases; expects the dollar may strengthen

Mark Mobius, a veteran investor known as the "father of emerging markets," stated in an interview with Bloomberg Television that gold has lost its appeal after its surge, and he would not consider buying at current levels; he would only consider purchasing if gold prices were 20% lower than current levels. He also mentioned that forecasts indicate a turning point for the U.S. economy, with the dollar potentially strengthening compared to current levels, which would reduce the attractiveness of precious metals.

Additionally, Mobius believes that the stock markets in China, India, South Korea, and Taiwan are the most attractive to global investors in the region, and he expects sustainable growth in the Chinese market due to advancements in technology. He pointed out that China's current goal is to surpass the U.S. in high-end chips and various artificial intelligence technologies, with funds flowing towards these areas rather than consumer sectors. At the same time, he remains optimistic about the Indian stock market due to increased government spending and investment, particularly in the technology sector