ANZ on gold ahead, the bank likes it citing:
- gold as an important portfolio diversifier
- rising equity volatility next year
- The Fed's pause in interest rate hikes … may halt the USDs recent strength and support gold prices.
- Brexit and other political risks
- along with slowing economic growth
- EM currency volatility should help fabrication demand
- central bank purchase to remain resilient
should bode well for gold market.
