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Monday, 4 July 2016

Free MCX Tips with Gold Price Updates

Gold prices will hit record high in next 18 months

Gold prices may hit all-time highs in the next 18 months amid low to negative global bond yields, said a fund manager on Monday, joining a chorus of bullish calls on the safe haven commodity.

Despite being a non-interest bearing asset with holding costs, gold was attractive in the current climate where there was little trust in the establishment and its policies as demonstrated by the June 23 referendum in the UK when voters chose to leave the European Union, said Swiss Asia Capital's Singapore managing director and chief investment officer, Juerg Kiener.

Spot gold prices were trading around USD 1,350 an ounce Monday morning in Asia, about 27 percent higher year-to-date. Prices of the yellow metal hit all-time highs above USD 1,900 an ounce in August 2011. 

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