Home » Market News » DirectorsTalk Highlights » Global Growth Worries Boost Gold Demand
Altus Strategies PLC

Global Growth Worries Boost Gold Demand

Just when it looked like gold’s “fear factor” might be fading, worries over the strength of the global economy have come to the rescue. In today’s report, we’ll examine the developments which should help keep gold’s fear component strong and allow its intermediate-term recovery to continue.

Concerns over global growth pushed equity prices lower while helping to boost gold on Tuesday. According to the latest economic data, China’s economy grew by “only” 6.6% in 2018, which was the slowest pace since 1990. The slowdown evident in China’s growth rate gave gold investors a reason to continue holding bullion based on safety-related factors. It should be noted, however, that China’s fourth-quarter GDP matched economists’ expectations and didn’t surprise on the downside.

 

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. 

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

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