Diversification remains golden

Diversification remains golden

From ubs.com

The outbreak of hostilities between Israel and Iran took the price of gold to another all-time high of USD 3,432/oz and closer to the all-time intraday high of USD 3,500/oz. But it has failed to stay above USD 3,400/oz. In the two instances in the last three months that gold rose above USD 3,400/oz, it retreated below that level the very next session and fell 4% in two sessions and 7.3% in eight sessions. Should investors be concerned about the gold price’s apparent fragility at these levels? Investors though might benefit from thinking about gold from the perspective of portfolio diversification, rather than as a ... (full story)

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