Nigeria's leading finance and market intelligence news report.

Gold offers safe haven as oil demand, yield on fixed income collapse

Falling oil prices as a fallout of shrinking demand, low-interest rates on fixed income instruments, and accelerating inflation are some of the fundamentals making gold a safer haven in the medium to long-term. Some early signs of this that the so-called gold-backed exchange-traded funds (ETF) such as the “New Gold ETF,” which is managed by…

Don’t miss another story

Become a BusinessDay Subscriber today.

For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly
Already a subsriber?
Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed, but trackbacks and pingbacks are open.