One of the main beneficiaries of recent geopolitical tensions, gold has risen sharply in recent weeks. Rebecca Jones asks whether it is set to continue.
Adrian Lowcock, Senior investment manager, Hargreaves Lansdown There has been a huge amount of negative sentiment surrounding gold this year. I think it was a little overdone but an asset can be out of favour for weeks, months or even years and be undervalued for that period. The recent price rises have been driven by the paper market because it can sell gold speculatively and move prices quite quickly. Underlying this, the physical market has been driven by India and China. A weakening rupee, particularly, is supporting Indian demand for gold as a safe haven. Although gold has tech...
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