Commodities

Is gold a good bet right now?

The yellow metal has gained lustre among investors amid the prevailing low-rate environment and global geopolitical uncertainties – how high could it go?
Time to hoard?
Time to hoard?

Investors shying away from global volatility have found some refuge in gold.

The yellow metal may be some way off its historic peak in August 2011 when it neared $2,000 an ounce, but it has leapt 11.3% in less than two months from $1,280 on May 29 to broach $1,450 last week. And yesterday it was up 16.3% since this time last year, standing at $1,424.

Similarly, with the global economy overshadowed by trade tensions and uncertainties, the 10-year US Treasury yield has dropped to 2.05% from 2.74% as of July 23.

Given that bond yields will likely remain weak as the US Federal...

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