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BlackRock sees further gains for both gold and silver
Precious metals have seen unheard-of gains in recent months, and even though they have entered a far more volatile phase of their cycle, the bull market is far from over, according to Kristy Akullian, Head of iShares Investment Strategy for the Americas at BlackRock. “After a record run – and a sharp decline – where do precious metals go from here? And how do they fit into investor portfolios?” she asked rhetorically. In order to answer these questions, Akullian first looks at the price action and volatility of the metals. “The price of gold has soared 75% in the past year, surpassing $5,000/oz for the ... (full story)
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