SINGAPORE – Gold is back in vogue. This time, its prized status is driven by a myriad of factors – from banking turmoil to geopolitical tensions, inflation fears and a growing disquiet over the dominance of the American dollar in reserve assets.
While the yellow metal generates no stream of cash flows, it has its place as a strategic asset in a balanced portfolio. From its low last September, gold has rallied 21 per cent as at May 31.
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