{
  "id": 13768227,
  "title": "Geopolitical risk drives capital to private sector: analyst",
  "url": "https://urgent.news/2026/10/11/geopolitical-risk-drives-capital-to-private-sector-analyst",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T17:44:57.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/geopolitical-risk-drives-capital-to-private-sector-analyst/"
  },
  "original_language": "en",
  "account": "Geopolitical tensions are causing investors to move away from government debt and towards private assets, a trend that could potentially lead to another gold rally, according to market-cycle analyst Martin Armstrong. In contrast to the 1929 Great Depression, where people moved money from private to public sectors, Armstrong notes that today capital is flowing into the private sector in America, not the public sector. He warns that both sides can become extreme and cause significant damage, historically. In Europe, the issue is particularly acute, as countries begin to understand that the European Union has let them down and mounting military tensions threaten to push borrowing costs higher. Armstrong states that bond markets are impartial and provide a real picture of the situation. Gold’s recent decline reflects a temporary relief from geopolitical fears rather than a permanent shift in its outlook. Armstrong believes that once those risks appear to subside, gold prices will start to rise again, particularly from the first quarter next year. With US midterm elections, Israeli and Ukrainian elections taking place, there is a substantial amount of geopolitical risk that will impact markets. If gold were to drop below 4,000 on a weekly basis, it could potentially fall into the 3,500 to 3,700 range. Armstrong emphasizes that it's not just the price that matters, but the finite amount of time left before the situation escalates.",
  "summary": "Market-cycle analyst Martin Armstrong warns political instability could accelerate capital flows and fuel a gold rally.",
  "key_points": [
    "Geopolitical tensions are driving investors to private assets, not public sectors.",
    "Europe's EU disappointment and military tensions are increasing borrowing costs.",
    "Gold prices may rise again after geopolitical risks subside, especially from Q1 next year."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}