Gold bulls’ frustrations aside, this is an “extremely attractive environment” to establish long-gold positions, according to Standard Chartered.
“We are very constructive on gold, both within our strategy teams and within our commodity research teams. Even with the recovery that we’ve seen in equity prices and nominal bond yields over the last few weeks, real or inflation-adjusted yields remain extremely low. And that’s historically a better indicator for gold,” Standard Chartered global head of FX, rates and credit research Eric Robertsen told Bloomberg on Monday.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.