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30 Apr '16, 2am

Start of a bull run for gold?: Since the beginning of 2016, gold price had seen a meteoric rise of 21%. It rose…

Since the beginning of 2016, gold price had seen a meteoric rise of 21%. It rose fromUSD1061 to USD1292 per troy ounce at this point of writing, representing an incredible come-back by the yellow precious metal. Traditionally seen as a safe asset class, the surge in gold price is due to the poor economic climate. The combination of oil crisis, China stock market crashes, negative interest rate policy by Bank of Japan and weak global growth currently make gold an attractive commodity for investors to hold. After all, it has been regarded as a safe haven for decades during economic downturns and sky-high inflation…

Full article: http://thefinance.sg/2016/04/30/start-of-a-bull-run-for-g...

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