Asian Gold Investors benefit at record prices and sell investments in the middle of global uncertainty

Gold has long been seen as a safe haven, the value of which tends to increase in times of uncertainty. The expectations that the US Federal Reserve will slow down the interest cycle has added additional shine to the metal, which is historically conversely pulled onto the dollar.

“We definitely see some opportunistic sellers who take profits off the table, and the structured investors and family offices sit on the fence and are waiting for more clarity where the prices will go,” said Padraig Seif, founding partner of Edelmetals Asia in Hong Kong.

The prices for Spot Gold rose to a record high of 2,936 US dollars per ounce on February 20. The price of the metal has increased by around 5 percent since Trump accepted an office at the end of January, which is uncertainty as to whether the rally has reached its peak, analysts said.

“Will it break through the 3,000 US dollars per ounce benchmark, or will it have a correction after things have settled with Donald Trump and have settled? [global] Trade? ”Seif speculated.