With Brexit a Consideration, What's Next for Gold?
Haven bids for gold
Gold prices have been steadily rising in the past couple of months. At first, there was global unrest combined with routing equities. Then, there was the oil market slump, followed the Federal Reserve’s fear, followed by the weakening US dollar. What’s next?
Gold is a traditionally preferred store-of-value asset. It offers no coupons like Treasuries and no dividends like stocks. However, investors flock to gold during times of economic uncertainty, buoying the precious metal. Silver and other precious metals such as platinum and...