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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Official-sector buys key for gold

Posted on 03 December 2009

From Reuters: Diversification by central banks and sovereign wealth funds into gold could outpace private investments to become a main driver of the metal, said Jon Spall, director of commodities hedge fund sales for Barclays Plc’s Barclays Capital.

Fund managers from the official sector and institutions will keep piling into the metal as a long-term investment due to a gloomy dollar outlook and inflation worries, as the metal is only in an early stage of its bull cycle, Spall told Reuters in a recent interview……………………………Full Article: Source

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