Rising tail risks in the market warrant holding more than 6% of your portfolio in gold

- Gold's solid 6% rally last week off its recent seven-month lows is a major reason why investors need the precious metal in their portfolio. A panel discussion during the 2023 London Bullion Market Association's Global Metals Conference agreed that gold is doing exactly what it is supposed to do during times of uncertainty.

The three panelists agreed that gold's lackluster performance through most of 2023 has made sense as the Federal Reserve's aggressive monetary policies have pushed interest rates at an unprecedented speed higher, increasing real yields. Zöllner said that despite the headwinds, he sees gold supported at higher levels, a recent shift in his position as he was slightly bearish on gold at the start of the year. He added that the banking crisis earlier this year might have created a bottom in gold.

"This would give you enough insurance in the financial market without being impacted by the volatility," he said.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stocks pick up, oil steadies in cautious marketsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »

Wall St futures rise ahead of earnings, data; Israel-Hamas conflict weighsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »