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BlackRock Says Gold Will Continue to Shine

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BlackRock Says Gold Will Continue to Shine

(New York)

2017 has been a very odd year in markets in at least one respect-at the same time as risk assets have rallied strongly, so too have gold and other haven assets. BlackRock is arguing that at least for gold, that pattern is set to continue. There are two reasons why. Firstly, gold's performance is highly linked to real interest rates, which are likely to remain low and are in fact falling right now. Secondly, in the long-term gold's movements have been more tied to political uncertainty than financial market volatility, a point which really resonates in today's era of doubt over not only domestic US politics, but also geopolitical tensions.

FINSUM : We like gold's chances right now. Markets are on edge, the political situation is not improving, and rates looked pinned. All favorable for the yellow metal.

  • gold
  • safe haven
  • risk assets
  • Blackrock
  • political uncertainty

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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