Investors adopted a risk-off mentality in Q2, according to CFA UK's Valuations Index, with gold deemed to be offering its best value in over six years.
In the survey, which is open to all 11,600 members of CFA UK, gold was seen to be the best value asset class for the second consecutive quarter, with 25.9% of respondents considering it to be undervalued and 53.6% calling it fair value. Overall, gold was seen as better value in Q2 2018 than ever before in the Valuations Index, which began in Q1 2012. The price of gold bullion has fallen this year from $1,305 per ounce on 1 January to $1,211 as of 28 August. 'The best time to buy insurance is when you don't need it': Managers increase gold weightings as 'double hedge' Investors' ...
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