DDQ looks to metals and energy

Mark Mathias said metals such as copper would enjoy a resurgence while oil could reach $80 per barrel. DDQ has also reconsidered its position on gold. He said: “Gold is a change of view for us, as we were neutral on it but now we are positive.” Mathias added as the demand for gold was not being met by mining supplies, central banks had to sell their reserves. However, they have also reduced the amount they are selling and as demand showed no signs of abating, the price of gold could test $800 during the year. “We are bullish on gold as it is a dollar proxy, while copper has been we...