DBS maintains overweight call on gold, but Goldman advises shorting the metal
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GOLD is set to benefit from sinking expectations for higher US interest rates and the potential for further market turmoil, according to DBS Group Holdings Ltd, which turned overweight on bullion last year before the metal surged.
"Volatility in financial markets due to the Chinese/global slowdown and low oil prices and doubts regarding the effectiveness of monetary easing could continue," Manish Jaradi, senior investment strategist at DBS's chief investment office, said. "This could keep risk appetite in check and US dollar rates low, supporting gold."
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