Heyl: Still See Increasing Appetite for Gold as Safe Haven
Market Intelligence Analysis
AI-PoweredGold prices continue to rise, holding above $5,000 an ounce, driven by a weak US dollar and investor flight from sovereign bonds and currencies, with a portfolio manager seeing increasing appetite for gold as a safe haven.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Gold rose, holding above $5,000 an ounce for a second day, as a weak US dollar helped to extend a blistering rally fueled by geopolitical risks and investor flight from sovereign bonds and currencies. Dawid Heyl, Natural Resources Portfolio Manager, Ninety One spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the yellow metal rally. (Source: Bloomberg)
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