‘I would be buying now and continue to buy’ gold, says Mark Mobius, an emerging-markets investing pioneer
“ ‘ When interest rates are zero or near zero, then gold is an attractive medium to have because you don’t have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets are rising.’ ”
Gold’s steady rally toward all-time record levels also has come as the Dow Jones Industrial Average DJIA, -0.68%, the S&P 500 index SPX, -0.61% and the technology-tilted Nasdaq Composite Index COMP, -0.93% has surged since hitting a coronavirus low in late March. Still, weakness in the U.S. dollar DXY, -0.36%, which is expected to continue, is one of the reasons Mobius foresees further gains for the yellow metal.
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