Top Forecaster Says Gold May Recover ‘Shine’ on Global Risks
- U.S. presidential election and Brexit talks to spur haven need
- Rising shale oil production in U.S. may curb crude price surge
Currie: Gold Trades Lock-Step Against Real Interest Rates
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Gold’s worst plunge in 14 months may yet reverse.
Looming risks from the U.S. presidential election in November to Britain starting talks to leave the European Union next year may boost its role as a haven, said Barnabas Gan, an economist at Oversea-Chinese Banking Corp. in Singapore. Increasing shale oil output in the U.S. is also likely to cool the surge in crude prices, curbing inflation, he said.