Gold News

'Strong reflation' fears are boosting Gold Investment

A Sydney-based analyst claimed yesterday (June 3rd) that Gold Investment is still appealing despite improving sentiments towards the economy, Reuters reports.

Market observers are split over whether the yellow metal will be able to pass the $1,000 per ounce mark again and, more crucially, manage to push on with further gains.

Now Toby Hassall, chief analyst at Commodity Warrants Australia, has made his position clear, stating that the Gold Price has a "reasonably high chance" of moving well into four figures.

He told the news provider: "Although growing investor risk appetite has undermined so-called 'safe-haven' demand for gold, expectations of a period of strong reflation has raised the investment appeal of commodities including gold."

Those comments come after Evy Hambro, manager of the BlackRock Gold and General Fund, highlighted the importance of having gold in a typical investment portfolio.

"Gold has a role to play in everybody's portfolio - it is a wonderful diversifier of one's asset base," he told Investors Chronicle.

"Gold production has been declining almost every year since peaking back in 2001, with no real growth prospects in the pipeline to turn the trend around."

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