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Reasons to be bullish on gold
Gold's safe-haven status is being questioned – again. Prices have fallen sharply since the start of the Middle East conflict, dropping about 12 per cent. This has contradicted the view of gold as a safe-haven asset that provides stability (or appreciates) in times of market distress, heightened uncertainty or geopolitical tensions. However, I believe gold’s status remains intact even as it switches roles in the short term, and expect prices to test record highs again. Gold can play both the headliner and a supporting role in markets. However, this does not mean that gold has lost its traditional role. In periods ... (full story)