Natural Resources >> Analyst Interviews >> February 8, 2010

The Gold-petrodollar Relationship – David Thurtell – Citigroup Global Markets (london)

David Thurtell is a Director and Commodity Strategist in Citigroup Global Markets (London), where he formulates strategies for Citigroup's metals trading and sales teams. Mr. Thurtell recently joined Citi from BNP Paribas in September 2008, where he was Head of metals research. He is regularly quoted on Reuters, Bloomberg and Platts. Before moving to London, he was Head of commodity research at the Commonwealth Bank of Australia in Sydney. He also spent five years at Australia's central bank, where he was second in charge of forecasting in the economic research department. Mr. Thurtell is Australian, and an honors and master's graduate of the University of New England, Armidale, New South Wales, Australia. Profile
TWST: Lately we've seen gold soar to new levels or close to new levels. Why is that? What's driving this trend?

Mr. Thurtell: I think basically in the last couple of months, a few factors have pushed