Gold Investors Bullish After Paulson’s Buy Recommendation
Bloomberg reported that John Paulson said investors should buy gold as an inflation hedge, making traders bullish.
Bloomberg reported that John Paulson said investors should buy gold as an inflation hedge, making traders bullish.
Reuters reported that Paulson & Co. significantly cut holdings of the SPDR Gold Trust during the fourth quarter.
Traditionally, money managers occupied in more generalized investment mandates often ignore precious metals and dismiss gold. Finding a gold fund that invests in gold is relatively easy, but finding a prominent hedge fund that is heavily predisposed to investing in gold is indeed a more rarified jewel.
The recent volatility in the precious metals markets has the gold bulls and bears jostling to make their case for the price of gold going forward.
By Kishori Krishnan Exclusive To Gold Investing News Gold prices had an excellent run last week, led by the extensive fall in the US dollar and strong rally in the equity markets. The rise in crude oil prices also resulted in lifting bullion. The US currency showcased the biggest decline in a month against euro [...]
By Kishori Krishnan Exclusive To Gold Investing News An insurance company getting into gold? That’s right. America’s third largest life insurer, Northwestern Mutual Life Insurance which has been in existence for 152 years, has never in all those years bought gold. Until now. The company has disclosed it recently invested around US$400 million to buy [...]
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