ANALYSIS: For gold’s sake, stop talking safe havens
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.
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.
The BlackRock Gold and General Fund has returned to the list of top traded funds on the Share Centre.
A “gold rush” of $5.8bn, the largest three week inflow to gold since 2009, has coincided with the Federal Reserve “talking-down” the US dollar and rising investor fears of a recession and quantitative easing failure, according to Bank of America Merrill Lynch’s research team.
Old Mutual Global Investors (OMGI) is to launch its Old Mutual Gold and Silver Fund next month.
The strong rise in precious metals prices seen last month has sparked a bout of profit taking, with gold and silver investors selling and buyer numbers falling, according to BullionVault.
Gold fell through the psychological $1,100 per ounce level at the start of this week as prices plunged more than 4% in early European trade on Monday.
There are four main factors that affect the price of gold. The USD, global interest rates, supply & demand fundamentals and risk sentiment. So far in 2015, all four have simultaneously pushed gold prices lower.
Private investor interest in gold hit a five-year low during December as investors cashed in following a price climb and buyers were deterred.
Castlestone Management is to increase the dealing frequency of its Aliquot Gold Bullion Income Fund from weekly to daily.
The lure of gold is as ancient as Greek mythology itself, but not always has this commodity given investors the Midas touch.
Gold has had torrid time of late, but is it about to change?
The price of gold may have fallen another $125 per ounce yesterday its greatest one-day loss ever but some retail investors in Hong Kong and mainland China are buying more of it, rather than selling, according to a columnist for the South China Morning Post.