2: What explains the rush for gold?
Mint Views Daily Dispatch
English - October 22, 2019 03:44 - 5 minutes - 4.87 MBNews Commentary News news podcasts trending podcasts daily dose daily news trendy podcast current affairs news bites best podcasts listens news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 1: Will RBI Guv's talking up the economy prove effective?
Gold prices have hit a six-year high, and there could be much more room for them to rise. Veteran investor Mark Mobius gave a blanket endorsement to buying gold because of the prospect of a rise in money supply as global central banks ease monetary policy to support growth. With fears of a recession looming large, investors are getting drawn by the safe-haven appeal of gold. However, could gold’s rise also be a signal of an end to the US's strong dollar policy? The views of Mobius may reflect the deep anxieties of such a shift in the world’s financial architecture.