BlackRock's Olivia Markham: Gold fever

Still a safe haven

clock • 4 min read

The gold price has been rising, fuelled by a weaker dollar and rising geopolitical tensions.

The gold price tipped over $2000 an ounce in April, matching its highest level ever. The last time gold reached these levels was during the pandemic, when the global economy appeared on the verge of collapse. This time, the world does not appear as fragile, so what explains the recent run for the gold price? And can it be sustained? Until October of last year, the strong US dollar had acted as a brake on gold prices. UK inflation continues sharp descent to 6.8% in July The Federal Reserve was the first of the developed markets to raise rates, which supported the US currency. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

First Eagle Investments' Max Belmont: Gold as a strategic portfolio asset

First Eagle Investments' Max Belmont: Gold as a strategic portfolio asset

'Potential hedge for investors'

Max Belmont
clock 23 October 2024 • 3 min read
HL's Derren Nathan: Oil and gold prices have spiked as Middle East tensions reach boiling point

HL's Derren Nathan: Oil and gold prices have spiked as Middle East tensions reach boiling point

'$100 mark not out of the question'

Derren Nathan
clock 04 October 2024 • 4 min read
UBS AM launches carbon credit ETC

UBS AM launches carbon credit ETC

0.75% TER

Sorin-Andrei Dojan
clock 03 June 2024 • 1 min read
Trustpilot