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Gold glitters again as investors seek diversification amid uncertain markets
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Gold has historically been proven to be an effective diversifier, especially in times of geoeconomic upheavals.
ST PHOTO: LIM YAOHUI
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SINGAPORE – Gold is back in vogue. This time, its prized status is driven by a myriad of factors – from banking turmoil to geopolitical tensions, inflation fears and a growing disquiet over the dominance of the American dollar in reserve assets.
While the yellow metal generates no stream of cash flows, it has its place as a strategic asset in a balanced portfolio. From its low last September, gold has rallied 21 per cent as at May 31.
