BlackRock Heaps Praise on Gold’s Role as a Tough Year Opens

Gold may extend gains as global growth slows, equity market volatility remains elevated and the Federal Reserve is expected to ease back on the pace of policy tightening this year, according to a BlackRock Inc. money manager, who says the Precious metal offers an effective hedge.

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Gold Poised for Weekly Gain as Global Jitters Boost Haven Demand

Gold Prices Bullish

Gold is headed for a third weekly gain after turbulent equity markets sent investors hunting for haven assets amid global growth concerns. Futures breached $1,300 an ounce in New York and spot gold flirted with the level in early London trading, before dropping back as stocks in Europe and Asia recovered some of their losses ahead of fresh trade negotiations between the U.S. and China next week.

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Gold Poised for Weekly Gain as Global Jitters Boost Haven Demand via @goldsilverrepor