Gold prices hit fresh high as analysts predict it could be best-performing asset of the year | Metals Mine

  • Gold prices hit fresh high as analysts predict it could be best-performing asset of the year

    From nypost.com

    Gold futures on Tuesday surged to a fresh high of over $3,800 as investors continue to bet big on the safe haven asset. The real gold price, which adjusts for inflation, hit a record high earlier this month for the first time since 1980. In a note on Monday, Deutsche Bank analysts forecast that gold prices could rise above $4,000 by the end of the year – notching a massive full-year return of more than 50%. That would cement gold as the best-performing asset of the year. Investors often buy gold as a hedge against inflation and economic uncertainty because of its ability to hold its value, even as other assets ... (full story)

Comment Options
  • Story Stats

  • Related Stories