Credit Suisse(Credit Suisse) said the gold market will continue its previous dazzling performance this year and believes that investors should hold more gold.
① although the market is optimistic about the stock market and economic outlook in the short term, risk aversion will still be high this year, as trade problems, Brexit and concerns about the global economic slowdown still mean a lot of uncertainty.
The uncertainty of ② will cause most central banks around the world to cut interest rates, which is good for gold.
③ Magellan Financial Group also believes that investors should choose to hold gold. Hamish Douglass, chief investment officer of the agency, said gold is a good hedge against inflation and a good safe haven.