Ole Hansen, head of commodity strategies at Saxo Bank told Gulf News,“The increased allocation that we have witnessed over the past few years in ETFs as a safe haven or diversifier has been increasing and that won’t go away anytime soon. If the US overheats, and that would lead to worries about disinflation or deflation, we would see a bigger correction in stock markets, and that would have a positive impact on gold,” he added.
Gold is looking attractive.
But will the attraction translate into something worth going after?
That’s up to you.