Paul Duncombe, head of Schroders' multi-asset investment solutions, asks if gold is heading into bubble territory as prices reach record highs.
All the talk of currency wars and a new round of quantitative easing by the US Federal Reserve have lifted gold prices from one all-time high to another. With prices up more than 25% so far this year, gold is heading for its 10th consecutive annual gain - its longest winning streak in almost a century - outperforming global equities, bonds and most other commodities. In times of uncertainty and austerity, nothing glitters quite like it. But - as gold takes the medal for one of the best-performing asset classes of the last decade - many investors are concerned that the relentless rise ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes