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 Satellite Imagery Reveals Possible Oil Spill from Houthi-Attacked Tanker in Red Sea READ MORE U.S. Labor Market Cools, Sparking Economic Concerns for Fed Officials READ MORE Inflation Debate Heats Up: Biden Targets Trump's Economic Plans READ MORE Dollar's Decline Fuels Gold's Advance; All Eyes on U.S. Economic Data READ MORE HSBC Introduces Groundbreaking Tokenized Gold in Hong Kong READ MORE Add a Comment Cancel replyYour email address will not be published.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