Gold has snapped a four-day losing streak. Economists at Société Générale recommend holding the yellow metal in order to stabilise portfolio volatility.
Holding Gold and CHF can help stabilise portfolio volatility
“Systemic risks are a common feature after a round of policy tightening of this kind. Holding Gold and CHF can help stabilise portfolio volatility.”
“We see Gold at $1,650 by 4Q23 but $1,900 by 2025.”
See – Gold Price Forecast: XAU/USD will only recover lastingly once an end to rate hikes is in sight – Commerzbank