Gold is now 'buy-and-trade asset': Credit Agricole exec

He adds that gold supply and demand are currently in a tight balance

GOLD is no longer a buy-and-hold asset, says Credit Agricole Private Banking Group global head of FX and precious metals Davis Hall.

Instead, it is an "opportunistic buy-and-trade asset", he says. Mr Hall expects gold to trade between US$1,100 and US$1,400 an ounce over the next few months. His call is to buy gold on weakness.

He is also telling private clients to consider palladium, which has appreciated strongly over the past 10 years from US$200 an ounce to US$800, albeit at a relatively slower...

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