The Financial Post reports in its Thursday edition that XIB Asset Management, the hedge fund that gained more than 200 per cent in the first two years of the pandemic, is now betting that gold and uranium will outperform as interest rates decline. A Bloomberg dispatch to the Post reports that the firm, founded by Sean McNulty and Peter Hatziioannou, expects policy-makers to begin lowering borrowing costs soon. XIB said, "This creates a much more compelling outlook for global resources and is likely to drive a considerable improvement in Canadian capital markets activity." Mr. McNulty said in an e-mailed statement, "Gold and other commodity-driven equities have traditionally performed well during the next stages of the credit cycle." He adds that there is a looming supply shortfall in the uranium sector that is garnering global attention. The price of uranium, used to power nuclear reactors, has skyrocketed as last year's coup in Niger disrupted shipments to European reactors, and Cameco reduced its production targets because of challenges at its Canadian operations. The United States, meanwhile, is intensifying efforts to bolster enrichment as it plans to bar enriched-uranium imports from Russia, its top foreign supplier.