Appetite for risk has been warning this week, giving gold a boost and signalling now is an opportune moment to buy, according to reports. US, Asia and EU-wide stock markets are trading low as investors grapple with slowing economies and a mixed bag of political concerns such as Hong Kong civil unrest, the US impeachment enquiry and Brexit in the UK. These concerns are all weighing heavily on markets and have meant that appetite for risk has declined through the week – meaning gold is becoming ever more attractive in its appeal.
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- Gold reached a one-month high in trading yesterday (Thursday)
- Inflation at highest level in more than a decade – good for gold as price spikes
- Inflation fears ratchet up also adding to gold’s allure
- A gloomier than expected Global Growth Forecast Strengthens Gold