Gold has powered ahead this year, hitting a six-year high above $1,500 an ounce.
Gold is expected to strengthen further as global trade tensions, slowing economic growth and investors seeking alternatives to risk assets including equities boost demand.
Gold slipped as much as 0.4% earlier in the session after a near 1% drop On Thursday, as positive developments around the Sino-U.S. trade negotiations rekindled investor appetite for riskier assets.
Initially it looked as if Gold’s rally cooled this week as Beijing and China made conciliatory noises around trade, though investors still appeared nervous over the prospect for a further escalation of the battle.
The Dollar rose broadly Thursday amid renewed hopes that the U.S. and China will return to the negotiating table but the apparent price of de-escalation in the trade war could yet prove too steep for President Donald Trump, so markets may ultimately have set themselves up for disappointment.
China’s Ministry of Commerce said in a press conference that its officials have in fact been in contact with their U.S. counterparts and that a delegation will go to Washington next month to discuss the trade conflict between the world’s two largest economies, in an apparent contradiction of the official line from earlier this week.
Be it bill gates or a common man, no one likes to loose money.
And to leverage such opportunities, a smart investor uses a variety of strategies and tactics to protect their wealth, including setting up their portfolios with specific asset allocations that can help soften any blow caused by an extended market downturn.
While options like real estate, commodities, and cash can contribute to a more diversified portfolio beyond traditional stocks and bonds, many experts say that gold is the undisputed king of uncorrelated assets.
The price of gold doesn’t usually move with the wider stock market – and often, because of its history, the yellow metal can even increase in price during the course of a bear market.
The main reason why world over gold is the most preferred safe haven asset-
Gold has acted as a store of value for thousands of years
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