Gold Price Should Go Higher On Global Risks and Trump – Capital Economics
By: GoldCore
GoldSeek.com
Tuesday, 15 November 2016
The gold price should rise in the medium and long term on global risks and the Trump Presidency, according to leading research consultancy Capital Economics.
The recent sharp gold price fall is again causing jitters among some investors who forget that gold remains more than 14% higher in dollar terms, 16.5% higher in euro terms and 36% higher in sterling terms year to date. Thus, gold is outperforming most stock market indices so far this year.
Capital Economics commodities economist, Simona Gambarini suggests in the World Gold Council’s ‘Gold Investor October 2016’ newsletter there is further upside to the gold price even if US interest rates begin to rise. Hence its continuing importance as a diversification and as a safe haven asset.
“Going forward, lingering global risks should ensure that demand for gold as a safe haven asset remains elevated even in light of Fed tightening.”
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