26 February 2017
Posted in
sentix Weekly
Investors continuing to take a shine to Gold
The recent decline in US real yields, which have dipped into negative territory, has provided support to sentiment towards Gold. This can be seen in the latest sentix survey, with optimism on Gold now running at elevated levels, while readings based on investors’ medium-term strategic bias on Gold continue to head higher. As we noted last week, the medium-term strategic attraction of Gold appears to be shining brightly for investors in a commodity context, which chimes with survey participants’ less negative strategic bias on bunds versus eurozone equities (Charts 2-4, p2).