LONDON, 9 March 2016 – Gold has made its best start to a year in more than four decades, reports financial data and news provider Bloomberg today, quoting comment from BullionVault alongside expert analysis from Swiss bank UBS and Australian financial services group Macquarie.
"Gold is a great inflation hedge when you need it to be," Bloomberg quotes Adrian Ash, head of research at BullionVault, said in London, "particularly when interest rates won't protect you."
However, "Any inflation right now will be seen as a sign of growth, and that could be negative for gold if faster Fed rate hikes follow."
Read the full story at Bloomberg here:
Source:
Bloomberg
