The gold rally can’t be stopped. How to play it now.
3 weeks, 5 days ago

The gold rally can’t be stopped. How to play it now.

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The precious metal is certainly having a moment. “It’s just a pet rock, but I’m not selling it," says David Jane, a portfolio manager of Premier Miton in London, who has about 5% of the $1 billion he manages allocated to gold. There’s a decent level of retail demand for gold the world over; spending on jewelry rose 9% last year, according to the World Gold Council. Others may be rushing to buy it simply because of the uncertainty created by Trump’s shake-up of the world order could be helping gold, even if stocks and the economy are booming, too. In February, Goldman Sachs and UBS raised their forecasts for 2025 to $3,100 and $3,200, respectively, while Bank of America’s Michael Widmer says gold could hit $3,500 an ounce if investment demand increases by 10%.

History of this topic

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