Gold to Extend Gains as Buyers Seek Safety, India Fund Says
This article is for subscribers only.
Gold prices, rallying for an eleventh year, will extend gains as investors add bullion seeking a haven against currency debasement and inflation, according to India’s Quantum Asset Management Co.
“There will be more people moving towards the safety of gold which will take gold prices much higher,” Chirag Mehta, a commodity fund manager at Quantum, which manages about $1.5 billion in assets, said in an interview in Mumbai. “The gradual increase in gold price will continue.”