Here’s why one analyst just made a ‘rare’ call to buy some gold

Is it time for one of the market’s most traditional hedges, which has fallen out of favour in 2018, to get another look?

Gold prices have tumbled in 2018, dropping despite fears of a global trade war and turmoil in emerging-market economies. Such issues are risks that the market has mostly shrugged off, with the S&P 500 returning to record territory late last month, but the precious metal could be well positioned to provide some safety in the event those factors escalate and start to have a bigger impact on equities, said one analyst.

 

KEFI Minerals (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi generates cash flows for capital repayments, further exploration and expansion as warranted and, when appropriate, dividends to shareholders.

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