You are here

Gold: not a bull market but downside is limited

Central banks are believed to be buying when the price dips

Several banks, including Goldman Sachs and Standard Chartered, have become more optimistic about the metal. They also feel Fed may refrain from raising rates.


GOLD bears have been routed in recent weeks as investors and central banks have boosted purchases. Other precious metals, notably silver, platinum and palladium have also benefited from the change in market sentiment.

"It's too soon to call a bull market, but the undertone...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to