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Investing facts that dull gold’s shimmer

    • Gold demand is driven primarily by sentiment, which makes it volatile.
    • Gold demand is driven primarily by sentiment, which makes it volatile. PHOTO: BLOOMBERG
    Published Mon, May 1, 2023 · 05:50 AM

    WHAT is more volatile than stocks, with lower returns than bonds? Give up? It’s gold, the precious metal nearing all-time highs and spiking Google searches for “how to buy gold”.

    Headlines and forecasts project bigger gains ahead. Even the formerly high-flying crypto crowd is enticed.

    But beware: Good gold returns require impeccable market timing. Otherwise, long-term pain ensues.

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