In a world full of negative returns, assets such as gold can prove quite attractive. According to some strategists, gold is even open to the possibility of rising to $ 2000.
Daniel Ghali of TD Ameritrade is a supporter of the idea, saying the company has an open long current position in gold for $ 1,585. They remain of the opinion that gold will continue to rise in price in the coming years as a result of unconventional monetary policy.
Precious metal also attracts investors at a time when Hong Kong is shaken by unrest, as well as uncertainty over US-China trade talks. It was the negative bond yields that led to the collapse of safe heaven's assets, which opened the possibility of gold to be a "haven" for investors in times of security, inflation protection and solely as an investment. Bank of America also agreed that gold will shine again against a backdrop of negative returns.
The central banks and governments of Russia and China are also the driving force behind gold, expanding its precious metal reserves, and gold reserves are expected to continue to grow.
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