As global tensions rise and signs of a slowdown in economic growth, more and more investors are turning to gold. World assets of exchange ETF Funds, backed by ingots, Grow 17 consecutive days – this is the longest inflow period since 2009 of the year.
Gold prices rose in 2019 year, insofar as trade war between USA and China hurts global growth and weakens central bank policies. ETF asset growth is driven by, what investors fear, that the summit talks between Washington and Beijing, scheduled for the end of this week, unlikely to lead to a breakthrough. Besides, Federal Reserve Chairman Jerome Powell hinted Tuesday at the possibility of another interest rate cut.
"Growth in gold, probably, will remain ", – Citigroup Inc., with a growth forecast up to 1700 dollars per ounce for 6-12 Months.
“Noticeably weak ISM data in manufacturing and services show, that a slowdown in the global economy is starting to slow down the US economy ".
Besides, investors fear other global events: protests in Hong Kong, Britain's exit from the Eurozone and tensions in the Middle East.
What an investor should do?
Over the past year, gold prices have increased by 26% And, probably, will continue to grow. Investors in Russia have several options to capitalize on the rise in the price of gold:
1. Buy ETF for Gold FinEx Gold ETF (FXGD). This is an exchange-traded fund, whose assets are tied to the gold price.
2. Buy shares of gold mining companies Polyus Gold (PLZL) on the Moscow Exchange or Newmont Goldcorp (NO) on the St. Petersburg Stock Exchange.
A source:
https://zen.yandex.ru/media/romanfinance/investory-begut-v-zoloto-chto-delat-5d9d920c78125e00afcd8007
I didn't write from scratch because everything is correct and concise
