Gold Inches Higher as Trump Sets the Agenda quoting : "SMH"

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While the US Federal Reserve might raise interest rates three times this year, increasing risk would lure investors to gold, Mr Roche said. The prospect for accelerating inflation was another reason to own gold, even with the outlook for rising interest rates, he said. Mr Roche said in April he'd increased gold holdings on the back of concern over central bank policy after being short a long time. BNP Paribas expects rising interest rates to strengthen the dollar and push gold down toward $US1000. UBS view"I probably would be more inclined to increase than decrease at the present time," Mr Roche said, referring to gold's recommended weighting in a diversified portfolio.


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