Gold has finally got its mojo back after a tough couple of years. According to the World Gold Council’s chief market strategist, John Reade, while fundamental supply and demand factors would remain drivers for gold, there was a definite upsurge in interest for the precious metal. Speaking in Cape Town recently Reade said gold had faced significant headwinds throughout most of 2018 with the price seesawing as investor interest ebbed and flowed, despite steady growth in most sectors of demand. “We expect increased market uncertainty and the expansion of protectionist economic policies will make gold increasingly attractive as a hedge,” said Reade. “While gold may face headwinds from higher interest rates and US dollar strength, these effects are expected to be limited as the Fed has signalled a more neutral stance.
