Gold can offer protection against systematic risk – SocGen

FXStreet Insights Team FXStreet

Gold has snapped a four-day losing streak. Economists at Société Générale recommend holding the yellow metal in order to stabilise portfolio volatility.

Holding Gold and CHF can help stabilise portfolio volatility

“Systemic risks are a common feature after a round of policy tightening of this kind. Holding Gold and CHF can help stabilise portfolio volatility.”

“We see Gold at $1,650 by 4Q23 but $1,900 by 2025.”

See – Gold Price Forecast: XAU/USD will only recover lastingly once an end to rate hikes is in sight – Commerzbank

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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