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Schroders: Gold Undergoing Normal Adjustment in Multi-Yr Bull Mkt
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Gold prices slumped by 5.5% in a single day on October 21, marking one of the top ten single-day declines in gold's history and dealing a painful blow to gold stocks. The market viewed this as the peak of gold prices and compared it to the 40% decline after the peak in September 2011, said James Luke, Senior Portfolio Manager (Gold and Commodities) at Schroders. However, Schroders believes that the gold market is currently experiencing a normal adjustment in a multi-year bull market, and this round of the bull market is unmatched in terms of the breadth and depth of potential monetary demand, so it is still far from reaching the peak. AAStocks Financial News |
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