Gold (GC=F) has reached new all-time highs previously month, fueled by geopolitical uncertainty, central financial institution shopping for, and US greenback weak spot.
Truist Co-chief Funding Officer & Chief Market Strategist Keith Lerner joins Market Domination Additional time to offer perception into gold and why traders might wish to add it to their portfolios.
“From a portfolio diversification standpoint… we added earlier this yr a modest place. And there is a few issues. One is, from a technical perspective, it simply made an all-time excessive. The underlying technical developments are very constructive. You’ve got central financial institution shopping for across the globe, particularly with China. You continue to have an honest quantity of geopolitical uncertainty. And it is also a hedge in opposition to greenback weak spot as effectively,” says Lerner
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This publish was written by Nicholas Jacobino
