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🛑🛑🛑 Breaking News Update
📊 Gold has emerged as a distinct asset class that investors cannot afford to ignore. The precious metal has performed exceptionally well, outperforming global equities and most other major asset classes so far this year. 🥇
👈 Looking ahead, over the next 12 to 18 months, the outlook for gold looks promising due to the risk of increased geopolitical uncertainty, the possibility of interest rate cuts by the Federal Reserve, and a weaker US dollar.
• Gold is a good hedge against uncertainty surrounding the US election and concerns about rising US public debt – regardless of whether Trump or Harris wins the US presidential election in November.
• Emerging market central banks, fearing US sanctions after the war in Ukraine and concerns about US fiscal sustainability, have been buying gold aggressively to diversify their reserves – and we see this trend continuing.
• Asian investors have also contributed to the gold boom, especially Chinese investors looking for alternative investments in the face of weak stock and property markets in China.
👌 In general, it makes sense to have some gold in your investment holdings as it is a good tool for diversifying your investment portfolio (and here we mean in bullion form).
