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The hedge-fund boss said the best investments will "do well when the value of money is being depreciated and domestic and international conflicts are significant."
Safe-haven assets like gold and Treasuries rise on new European tariff threats and high expectations that the Fed will cut rates
"This is the right environment for gold to thrive and flourish," said Lukman Otunuga of FXTM. He's long been bullish on the asset.
A fresh threat of US tariffs against Europe and disappointing manufacturing data tempered the market mood following the US-China trade war truce last weekend.
Markets have the "go-ahead to push further into risk-on territory for the time being," said Han Tan, a market analyst at FXTM.
"There is plenty of reason to be seeking shelter in gold."
‘What’s there to spy in Malaysia?’ Mahathir asks, adding the country will use Huawei’s tech ‘as much as possible’
"If any country wants to invade Malaysia, they can walk through and we will not resist because it's a waste of time,"
Using a metal detector, the man who has not been identified, found a piece of gold worth $68,760. It was about 18 inches below ground.
The volume of gold bought by central banks in 2018 rose to its highest level since the end of the Gold Standard nearly a half a century ago.
China's central bank increased its gold reserves in March for the fourth consecutive month, continuing a major spree in buying of the precious metal.
An ‘Achilles’ heel’ in credit markets means fund managers are bracing for a recession — here’s how they’re adjusti...
Fund managers at a Moody's conference are growing wary that a US recession might happen in the next year and are tweaking their portfolios to prepare.