Société Générale Raises Gold Allocation to 10% in June, Views the Metal as an Inflation Hedge Above $4,600
According to Société Générale, the French bank raised its gold allocation to 10% in the second quarter, up from 7% in Q1, as renewed investor interest supports the precious metal above $4,600 per ounce. The bank positioned gold as a strategic hedge against inflation risks, policy uncertainty and geopolitical instability, citing a growing disconnect between benign market inflation expectations and an economic environment likely to keep price pressures elevated. Société Générale noted that gold's
GateNews·08-26 12:02
