Европейские рынки акций выросли на статданных и корпоративной отчетности interfax.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.ru Daily Mail and Mail on Sunday newspapers.
Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post.
Gold is “failing as an equity hedge,” Koesterich said, noting its positive relationship with risky assets was even stronger when compared with tech stocks. He added: “Gold’s ability to hedge against inflation has been somewhat exaggerated. While it is a reasonable store of value over the very long-term think centuries it is less reliable across most investment horizons.”
Apuesta errada por COVID altera comercio mundial del petróleo (para siempre) gestion.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gestion.pe Daily Mail and Mail on Sunday newspapers.