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Gold costs have pushed to their highest degree considering that 2011 yet view isn't mosting likely to transform and also its still the financial investment that needs to be at the top of everyone's list, according to Paul Robinson, managing supervisor at CRU.
In an interview with Kitco News, Robinson said that the elements that have actually driven gold prices to its present degrees– extraordinary monetary policy, worldwide economic unpredictability, geopolitical tensions– have not vanishes and also these will certainly continue to sustain prices for the remainder of the year.
" There is even more unpredictability currently as to where the global economy looks at the next twelve month," he stated. "And there's in fact an even stronger reason to have gold as a hedge and also your profile."
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Above $1,800: the investment case for gold has never been stronger – CRU
Gold prices have pushed to their highest levels since 2011 but sentiment isn’t going to change and its still the investment that should be at the top of everyone’s list, according to Paul Robinson, managing director at CRU.
In an interview with Kitco News, Robinson said that the factors that have driven gold prices to its current levels — unprecedented monetary policy, global economic uncertainty, geopolitical tensions — have not disappears and these will continue to support prices for the rest of the year.
“There is more uncertainty now as to where the global economy goes over the next 12 months,” he said. “And there's actually an even stronger reason to have gold as a hedge and your portfolio.”
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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