“Concern over the uptick and spread of the virus has been highly supportive of the safe haven asset class, specifically gold,” Reliance Securities said in a report.
“As we have argued in the past, gold investment demand tends to grow into the early stage of the economic recovery, driven by continued debasement concerns and lower real rates,” the bank said.
“Compared to an investment in stocks, where even the biggest blue chip companies can (and have) failed, an investment in gold often seems less risky,” said Adam Vettese, market analyst at investment platform eToro.
“I think you have to have a little bit of gold in your portfolio.” Dalio said in January, a sentiment he repeated this May.
31st May 2024
8th May 2024
4th May 2024
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