Gold stocks’ surge no reason for buying frenzy, analysts warn

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

The bullion’s price is volatile and the benefits of the global risk premium could evaporate quickly

As investors watch the escalation of conflict closely in the Russian invasion of Ukraine, gold stocks may seem attractive given the recent surge in the gold price. However, analysts advise proceeding with caution.

Gold has long been seen as one of the safest assets in times of uncertainty while also acting as a hedge against inflation. Gold companies are cash flush and have been paying dividends as they benefited from the opening up of economies after the Covid-19 pandemic, inflation worries and heightened geopolitical tensions in Europe. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How about a global super power readying their nuclear Arsenal?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines