Gold staying strong on, top performing funds say
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Gold staying strong on, top performing funds say
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LONDON: Gold will stay strong due to a lack of alternative havens for investors operating in a slowing global economy, top performing commodity fund managers told after taking a defensive approach and going into cash during September's gold sell off.
"We consider the current weakness in gold as temporary and also the slump in commodity prices should come to an end soon," said Kurt Hug, an investment adviser for the Antares Precious Metals Fund.
The fund came third in the Lipper Global commodity sector rankings in the third quarter of 2011 by keeping a high percentage of "strategic liquidity" in Swiss francs in anticipation of "a severe, but short-lived commodity shock"...READ MORE
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