Gold demand anchored in mispriced risk as China buying signals ‘dip’ opportunity
From kitco.com
Although the gold market looks a little directionless as prices test near-term support near $4,700, it still remains an important diversification tool, and investors should see these lower prices as a buying opportunity, according to one fund manager. In an interview with Kitco News, Robert Minter, Director of ETF Strategy at abrdn, said that despite gold’s significant drop from its all-time highs in January, he suspects investors continue to see the precious metal as an important safety net in a world where a lot of things don’t make sense. “There’s a lot of risk that is mispriced in the world in financial assets,” ...
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