Investment Giants Turn to Gold as Hedge Against Economic Uncertainties Major investment firms like Schroders and UBS Global Wealth Management are advocating for gold as a key safe-haven asset in 2024, citing concerns over excessive US government spending, geopolitical uncertainty, and potential sovereign debt risks. Gold is seen as a preferred hedge against fiscal, geopolitical, and inflation risks, offering better diversification benefits than traditional safe havens like US Treasuries. The precious metal’s appeal is further bolstered by expectations of Federal Reserve rate cuts, continued central bank purchases, and its potential to benefit from concerns about US debt and dollar stability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Inflation Target Faces Heat from Liberals Seeking Economic Reform READ MORE Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap Narrows READ MORE Supercore Inflation Surge Signals Tough Road Ahead for Fed READ MORE Golden Surge on the Horizon: UBS Predicts a 10% Leap Amid Rate Cut Speculations READ MORE Fund Managers Shy Away from Gold Despite Record Prices READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment