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CommoditiesHigh Impact•13 February 2026•

1 min read

Gold Poised for Bull Market Amid Volatility, Geopolitical Tensions, Says Portfolio Manager

Map of the Middle East with fighter jets, missiles, oil barrels, gold bars, oil rigs, and stock charts under a fiery sky.

Gold prices are anticipated to enter a sustained bull market despite recent significant volatility, according to portfolio manager David Miller. Speaking on the Stocks & Markets Podcast, Miller attributed gold's underlying strength to two primary factors. Firstly, the weaponization of the SWIFT banking system against Russia has prompted nations to seek hard-currency assets immune to seizure. Secondly, excessive U.S. government spending has fueled concerns about potential dollar debasement. Miller forecasts continued price fluctuations but maintains a bullish outlook for the precious metal. This perspective suggests that fundamental geopolitical and fiscal drivers will underpin gold's long-term upward trajectory.