Gold hits its highest value in a year: Time to add it to your portfolio? - News Summed Up

Gold hits its highest value in a year: Time to add it to your portfolio?


Hedging toolStill, financial experts say gold should be a part of an investor's basket of financial assets, especially those nervous about global risks. "The valuations are extremely high so as a safe haven it never loses its lustre. Some market observers have warned that a large market correction is possible because the current rally is the fourth longest without a correction in modern U.S. history. National Bank chief economist Stefane Marion says gold remains a safe haven over such alternatives that have "untested, unregulated measures" that could prompt government intervention. Those holdings can come from gold bars, coins, exchange-traded funds, Royal Canadian Mint securities or gold royalty streaming companies.


Source: CBC News September 07, 2017 20:03 UTC



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