Markets

Gold’s rally may have paused, but the world’s biggest wealth manager still thinks a 10% allocation to bullion is ‘not a bad move right now’

Gold prices have lost some ground in recent weeks, but the world’s largest wealth manager thinks it should still play a key role in investors’ portfolios. Charles Day, private wealth advisor at UBS Wealth Management told Business Insider: “In terms of being diversified with everything that has gone on, having […]
Gold’s rally may have paused, but the world’s biggest wealth manager still thinks a 10% allocation to bullion is ‘not a bad move right now’
Markets

Gold tops $2,000 for first time ever on US stimulus hopes

Spot Gold briefly touched a record high of $US2,000 an ounce on Tuesday amid a rally for the commodity. Traders piled into the so-called safe-haven asset on hopes that another US stimulus bill is in the works. An additional bill could put further liquidity into markets and weigh on rates, […]
Gold tops $2,000 for first time ever on US stimulus hopes
Markets

Surging iron ore prices may spur mining investment

Iron ore prices near a multi-year high may revive the investment appetite of miners as current values prices far outstrip the cost of production for most companies, according to Westpac. This chart by Justin Smirk, senior economist at the bank, looks at the production costs: “This chart has a lot […]
Surging iron ore prices may spur mining investment