While the gold price has risen by 10% this year, it faces an uncertain future. In the US, UK and Europe monetary policy looks set to tighten, with a rise in interest rates on the cards over the medium term. Alongside this, a new Federal Reserve Chair could adopt a more hawkish stance next year. This would be likely to hurt prospects for the gold price. However, with geo-political risks from North Korea remaining high, gold could offer defensive appeal. The valuations, forecasts and financial strength of two gold miners in particular may also suggest they are worth buying for the long run. |
Ingen kommentarer:
Send en kommentar