The current economic uncertainty, high interest rates and inflationary environment has created a case for exposure to gold, especially if the Federal Reserve maintains its current interest rate path, experts told Investment Week.
Hakan Kaya, senior portfolio manager at Neuberger Berman, said the potential interest rate pivot by the Federal Reserve, caused by the turmoil in the banking and real estate sectors, "could boost the demand for gold investments". Earlier this month, gold surged to its highest price since August 2020, reaching $2,022 an ounce, while it hit $2,112 in April 2020, in the midst of the pandemic. Deep Dive: Banks on shaky ground following instability in sector When reported in sterling, however, gold reached an all-time high in March 2023 at £1,649, according to data from the Royal Mint. ...
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