AI revaluation could trigger volatility shock, but near-term gold liquidations won’t alter strong fundamentals – Saxo Bank’s Hansen

From kitco.com

A revaluation of the AI sector could raise volatility and trigger another round of deleveraging – impacting gold and other commodities – but any price distortions will be short-lived and won’t impact gold’s strong fundamentals, according to Ole Hansen, head of commodity strategy at Saxo Bank. “Over recent weeks, the technology sector—especially AI‑linked names—has begun to show signs of fatigue,” Hansen wrote. “An almost parabolic run pushed forward earnings well above long‑term norms, raising the risk of a reset, and the past week has brought the first meaningful wobble. Despite a modest ... (full story)