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<Commodity>Invesco Views Gold Prices Yet to Peak, Recommends Increasing Physical Gold Holdings
Recommend 15 Positive 21 Negative 13 |
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David Chao, Invesco’s Global Market Strategist for Asia Pacific (ex-Japan), commented that gold has fared strongly year-to-date, making it one of the best-performing assets, while assuming it has not yet peaked. He further noted that not only have supply-demand dynamics shifted radically, but long-term changes in the global order could also heighten geopolitical risks in the coming years. Chao highlighted that recent U.S. tariffs and policy uncertainties have immensely boosted demand for gold as a safe-haven asset. However, beyond short-term tactical demand, Chao believed structural and long-term factors are also at play. He recommended increasing holdings in physical gold. Gold has long been regarded globally as a safe-haven asset, playing a role in navigating global tensions and uncertainties. Sustained demand from central banks, compounded with growing demand from institutional and retail investors in markets like India and China, could bode well for the precious metal. AAStocks Financial News |
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