Gold can buttress your portfolio amid inflation, virus risk: Analysts

2021.11.22 11:57:53

An employee presents gold bars of various sizes for investment at a gold outlet in Malang, East Java, in April 2017.(Antara/Ari Bowo Sucipto)이미지 확대

An employee presents gold bars of various sizes for investment at a gold outlet in Malang, East Java, in April 2017.(Antara/Ari Bowo Sucipto)

With the stock market at an all-time high and inflation rising fast, some analysts advise having gold in your portfolio to prepare for global economic uncertainty and the ongoing risk of COVID-19. Monex Investindo Futures research head Ariston Tjendra said the hike in inflation was fueling gold prices as investors were seeking to secure asset values against rising inflation. The gold market is also projected to gain from the expectation of new COVID-19 waves across many countries, which pose the threat of another global economic downturn. However, a hike in the United States Federal Reserve’s key interest rate next year could hamper the rise in the gold price next year.

https://www.thejakartapost.com/news/2019/03/31/golden-dome-mosque-founder-dies-at-70.html

By Jakarta Post

[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]