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 True Inflation May Have Peaked in Late 2022 READ MORE High Food Prices Push Americans into Debt for Essentials like Groceries READ MORE Citi Forecasts Gold Prices Could Hit $3,000 Within a Year READ MORE Homeownership Hopelessness: Renters Doubt Future Possibilities READ MORE Unearthing Deception: The $6 Billion Mining Fraud That Shocked the World READ MORE Add a Comment Cancel replyYour email address will not be published.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