BEIJING, Dec. 10 (Xinhua) -- Institutions hold positive outlook for gold price in 2019 in spite of the growing uncertainties posting by macro economy.
Risk hedging has made gold increasingly attractive to investors worldwide under the background of unstable economic and political situation, adding a falling-back U.S. stock market after previous long-time bull market, Xinhua-run Shanghai Securities News cited Song Xin, Chairman of China Gold Association, as saying on the 2018 China Shanghai International Precious Metals Annual Meeting.
The volatile gold market recently also suggests rising interest of investors and investment institutions in gold, Song said.
Such idea is echoed by Wang Siran, deputy director of Jinrui Futures Research Institute, who predicted better gold performance in 2019 as precious metals market currently nearing the turning point of the Fed’s interest rate hike.
Precious metals are likely to see stronger performance in the second half of 2019, Wang said on the 2018 Non-ferrous Metals Investment Strategy Conference. (Edited by Su Dan, Niu Huizhe)
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