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Bonds bombing, shares slipping, so why isn’t gold shining?

Gold is the traditional safe haven for investors, but no one seems to be interested in taking shelter at the moment. Saxo Bank’s Ole Hansen explains why this may offer a golden opportunity to get into the market.

According to Hansen, gold needs a spark to escape the current range of around USD 1,200. While the ongoing talks between Greece and its creditors are offering support to gold, other factors are proving to be a drag. Among these are the possibility of a rate hike from the US Federal Reserve and a booming Chinese stock market.

That said, Hansen believes gold prices are set to rise later in the year and sets out his year-end target.

03:53 minutes
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