Wednesday 13 November 2019
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wn.com - 4 days ago

Gold prices likely to keep rising amid strong demand

Dubai: With gold prices on the rise for more than a year now, Saxo Bank, the Danish investment bank, expects prices of the yellow metal to keep climbing as demand remains strong. Ole Hansen, head of commodity strategy at Saxo Bank, said he expects to see gold prices at $1,550 (Dh5,692) by the end of this year, as global interest rates inch down, uncertainty rises, and as global economic growth slows down. With bonds — the other typical safe-haven asset — offering negative yields, gold is now all the more attractive, Hansen said. In August, a rally in bond prices led to a...


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