'Losses could be significant': Experts debate the near-term future of gold

GOLD

Laura Miller
clock

Is now the time to buy gold on the cheap or are only fools seeing value in the shiny stuff? Laura Miller finds out…

Low interest rates – like those we are witnessing in the UK, the US and Europe – are usually seen as encouraging investors to put money into non-interest-bearing assets like gold, in the hope its price will rise. Similarly, in times of financial uncertainty – as per the financial crisis – investors flocked to gold as a value holding safe port in the economic storm. But bullion has lost nearly 10% since Federal Reserve chairman Ben Bernanke said in June the US economy was recovering strongly enough to slow the pace of the $85bn of monthly bond purchases. Overall this year, gold has ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read