Oakmount and Partners Ltd. Gold mid-year outlook 2020
Posted on 29th July 2020 at 14:52
Sculpted from experience, built for success.
Gold had a remarkable performance in the first half of 2020, increasing by 16.8% in US-dollar terms and significantly outperforming all other major asset classes.
By the end of June, the LBMA Gold Price PM was trading close to US$1,770/oz, a level not seen since 2012, and gold prices were reaching record or near-record highs in all other major currencies.
For investors, this is not only keeping uncertainty levels high, but may also have a long-lasting impact on their portfolio performance. Against this backdrop, we believe that gold can be a valuable asset: it can help investors diversify risks and may positively contribute to improving risk-adjusted returns. Source: World Gold Council.
The Gold price on 29th July 2020 at 3pm is at $1,953.82/oz.
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Oakmount and Partners Ltd. Est 2009.
Sculpted from experience, built for success.
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