Gold's bull market is just beginning as European fund managers take a bigger stake - HANetf HANetf Europeanfund gold
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
In November, analysts at HANetf surveyed 100 European and British wealth fund managers, and according to the results, 89% of respondents said that they intend to increase their exposure to gold in 2023. When the survey was conducted, gold prices were trading near a two-year low and according to the survey, fund managers said those prices represented an attractive long-term entry point.
Last month Eric Strand, portfolio manager and creator of the European-listed AuAG ESG Gold Mining exchange-traded fund , said that gold could be on the cusp of a new bull market.Along with gold, Strand expects the precious metal mining sector, which has underperformed compared to the commodity, will attract new momentum in the new year.
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