{"id":76840,"date":"2022-12-08T01:00:27","date_gmt":"2022-12-07T21:00:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76840"},"modified":"2022-12-08T01:02:45","modified_gmt":"2022-12-07T21:02:45","slug":"credit-suisses-pozsar-gold-price-could-double-to-3600-in-this-case","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/credit-suisses-pozsar-gold-price-could-double-to-3600-in-this-case\/12\/08\/market-updates\/","title":{"rendered":"Credit Suisse&#8217;s Pozsar: Gold price could double to $3,600 in this case"},"content":{"rendered":"\n<p>According to Credit Suisse&#8217;s Zoltan Pozsar \u201cgold could double to $3,600 per ounce if Russia responds to G7&#8217;s oil price cap by a decision accepting gold for crude oil amid what he has described as unthinkable macro scenarios\u201d.<br><br>Pozsar further noted that a year-end money-market liquidity crunch is probable if Russia decides to accept gold for oil in light of the latest sanctions. <br><br>Pozsar explained that \u201cThis was a year of the unthinkable macro scenarios and the return of the statecraft as the dominant force driving monetary and fiscal decisions&#8221;. In this scenario, Russian President Vladimir Putin responds to the recently introduced $60-a-barrel oil price cap by asking for a gram of gold for two barrels of crude.<br><br>At current market prices, the cap of $60 per barrel for Russian oil equals the price of a gram of gold, Pozsar said. What essentially happens here is the US pins Russian export at this price, and Russia, in return, fixes it at a gram of gold. And this would come at a time when the US works to refill its strategic reserves with cheap petroleum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Credit Suisse&#8217;s Zoltan Pozsar \u201cgold could double to $3,600 per ounce if Russia responds to G7&#8217;s oil price cap by a decision accepting gold for crude oil amid what he has described as unthinkable macro scenarios\u201d.Pozsar further noted that a year-end money-market liquidity crunch is probable if Russia decides to accept gold for &hellip;<\/p>\n","protected":false},"author":13,"featured_media":70951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6874,9952,9007],"class_list":["post-76840","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold","tag-oil-price-cap","tag-russian-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=76840"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76840\/revisions"}],"predecessor-version":[{"id":76844,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76840\/revisions\/76844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70951"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}