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FXTM: Gold ‘Has Nothing To Worry About’

Gold could face headwinds in the short term if a “risk-on” mentality sweeps across global markets, but the metal

“has nothing to worry about in the longer term given the unfavourable market conditions and geopolitical risks bubbling in the background,” says Lukman Otunuga, research analyst at FXTM. “With concerns over slowing global growth on the mind of many investors, Brexit drama, China slowdown fears and many other negative themes floating in the air, gold bulls are safe.”

 

Altus Strategies PLC (LON:ALS) is a project generator focused on Africa, including projects in the Ivory Coast. Their aim is to deliver superior shareholder returns by cost-efficiently discovering multiple projects simultaneously, prior to entering joint ventures with third parties who fund the next phases of exploration and development. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.