Gold sales soar as North Korea nuclear threat bites
A US warning that North Korea’s use of nuclear weapons would spark a “massive military response” saw sales of physical gold soar to the highest level since Brexit on Monday morning.
A US warning that North Korea’s use of nuclear weapons would spark a “massive military response” saw sales of physical gold soar to the highest level since Brexit on Monday morning.
Rising inflation, the US missile attack on Syria and new tensions with Iran, North Korea and Russia have all helped to bring gold into play in recent weeks.
As the Trump rally is showing signs of faltering, would it make sense to hedge your bets and go for gold?
The surprise US election victory by Donald Trump has greatly increased uncertainty, yet asset prices are now back at similar levels as just a couple of days ago when a Clinton victory looked more likely.
Barcelona’s investors are remarkably unanimous in their fixed income allocation. Almost all of them are overweight short-duration bonds and eight in 10 interviewees are planning to decrease their allocation to long-duration European sovereign debt.
The first half of 2016 was the first time investment has been the largest component of gold demand for two consecutive quarters. Should this leave gold bugs feeling vindicated or afraid?
Investors have again started looking at increasing their exposure to commodities this year. However, the asset class has delivered mixed results so far.
The gold price is the best performing asset class year-to-date. And declining production combined with robust demand from Asia means the outlook for the yellow metal is rosy, said Mark Lacey, manager of the Schroder ISF Global Energy Fund. But others challenge his view.
Gold has had a good start to 2016 but three months of positive fund returns and an upwardly mobile price are not enough to badge it as a safe haven.
Although commodities are still being treated with a great deal of suspicion, by taking a long-term view investors could reap the rewards of the consolidation that is already underway in the sector.
A gold rush has gripped Monaco. All but one of the fund selectors our researcher interviewed when she visited the principality recently, said they are either sure they will buy more gold or will seriously consider the opportunity.
Unlike most asset classes, which have started 2016 in much the same way they left off in 2015, gold has seen a significant reversal.