Gold reached another record greater than $ 3,200 on Friday – and is a better way to protect yourself from current market disorders than Bills du Trésor, said a BlackRock manager.
Wei Li, chief world investment strategist at The Asset Manager, wrote Thursday in a Linkedin article that higher exchange rates and “money” were abnormal.
“Also not normal – Risk, #dollar and Treasure.
The fears concerning the longer term effects of President Donald Trump’s commercial prices have sparked an aggressive sale of American bonds. The yields continued to increase this week, the Treasury at 10 years old return almost 4.4% on Friday.
Treasurys have traditionally been considered one of the safest investments available, but this perception can start to change.
The dollar has also suffered in the middle of the turmoil, reaching a three -year hollow against the euro and a lower over 10 years against the Swiss franc.
“In this new diet characterized by 1 / #inflationary pressure and 2 / High #debt, gold has been and could continue to be a better diversifying than long -term treasury bills,” wrote Li in an anterior LinkedIn post.
Last month, gold crossed the level of $ 3,000 for the first time. In the days following Trump’s pricing ad on April 2, the metal went up to around $ 3,150 before retiring.
Gold has since resumed the momentum while investors are looking for package assets, which generally maintain or increase their value during market turbulence.
In a note on Friday, UBS analysts increased their target of gold courses from 2025 to $ 3,500, citing “climbing tariff uncertainty, lower growth, higher inflation and persistent geopolitical risks”.
“Gold seems to be imperturbable by higher yields in the United States,” they wrote, adding that metal has stood out this year compared to other safe shelters, notably Treasurys, The Franc and The Yen.
Analysts from Bank of America also have a price target of $ 3,500 for gold.
Get the last price of gold here.
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