Yellow metal price may rise
Gold will climb about 6 percent through the end of the year as investors seek a shelter from the rising political risk surrounding US President Donald Trump, according to Independent Strategy Ltd's David Roche, who has about 45 years of experience covering markets.
Bullion is set to rise to $1,300 an ounce, while most assets, such as bonds, will post negative returns, the president and global strategist of the London-based economic and financial consulting firm said in an interview on Feb 3.
"The amount of political risk being created by this new US president and administration is going to create an enormous amount of international tension and uncertainty and will probably result in a trade war, at least with China and, possibly, with other areas," Roche said by phone from Hong Kong. "I want to see what sort of mistakes this administration is going to make."
