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Investors may increase allocation to Gold

Investors may increase allocation to Gold

April 23, 2019


TD Securities sees potential for investors to increase allocations to gold even though the yellow metal has not been able to benefit lately from a seemingly dovish Federal Reserve.“With many in the market dismayed and pondering what it will take to move gold past $1,350 an ounce, if an uber-dovish Fed can't do the job, we see interest growing from both the official sector and money managers in the cards,” TDS added.Growing risks that central banks may again need to follow a nonconventional monetary policy path, when the economy heads south, [are] additional fodder for the view that private-asset allocations would follow the official sector in increasing their allocations to gold and precious metals. For now, prices remain stuck in recent ranges.


Source: https://www.scrapregister.com/n