Should Nervous Investors Buy Gold?

Gold could rebound in 2019, according to Adrian Ash at BullionVault. But there's a fellow precious metal that could be the most contrarian investment around at the moment

David Brenchley 6 December, 2018 | 2:48PM

Gold bars, gold price, Brexit, protection

On the surface, gold has had a dreadful year. Looking at the price of the precious metal in US dollar terms – the currency it is usually denominated in – it is down 5% year-to-date to trade at $1,236 currently.

However, the reason for that weakness has very much been strength in the US dollar and continued rising interest rates in the United States. When you look at the gold price in both sterling and euro terms, it is flat on the year.

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About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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