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Gold is delivering returns like a risk asset, but its traditional appeal remains intact – BMO Global Asset Management
Gold is performing more like a growth asset than a safe haven, and this only adds to the traditional investment case for the yellow metal, according to Sadiq Adatia, Chief Investment Officer at BMO Global Asset Management. “Gold is not behaving like it traditionally does,” Adatia said in an interview published on June 22. “Normally it’s an inflation hedge, a hedge against the US dollar, and it normally reacts to yield.” “What we saw in the first half of the year was that gold was strong and so was the US dollar, it moved up even when there was no risk aversion,” he added. “People are holding it for ... (full story)
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- Posted: Jul 23, 2024 5:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 253
