Gold has soared in the opening months of 2016 as investors second-guess a wary Federal Reserve.
A thicket of risks from the U.K.'s Brexit vote next month to the U.S. presidential election may lift prices even further by year-end, according to Denmark's Saxo Bank A/S.
“It's not just one risk right now,” said Head of Commodity Strategy Ole Hansen, who predicts bullion may jump to as much as $1,400 an ounce this year.
“We have got several risks, so when you start adding them up, it could be that additional risks will sway some investors to add exposure to gold or maybe revisit gold,” Hansen said in a phone interview on Tuesday.
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A thicket of risks from the U.K.'s Brexit vote next month to the U.S. presidential election may lift prices even further by year-end, according to Denmark's Saxo Bank A/S.
“It's not just one risk right now,” said Head of Commodity Strategy Ole Hansen, who predicts bullion may jump to as much as $1,400 an ounce this year.
“We have got several risks, so when you start adding them up, it could be that additional risks will sway some investors to add exposure to gold or maybe revisit gold,” Hansen said in a phone interview on Tuesday.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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