Gold prices to hit record high

Gold prices may hit all-time highs in the next 18 months amid low to negative global bond yields, a fund manager on Monday said, when joining a chorus of bullish calls on the safe haven commodity.
Despite being a non-interest bearing asset with holding costs, gold was attractive in the current climate where there was little trust in the establishment and its policies as demonstrated by the June 23 referendum in the UK when voters chose to leave the European Union, said Swiss Asia Capital’s Singapore managing director and chief investment officer, Juerg Kiener.
The catering of bond yields has also blunted the advantage fixed income instruments held over their shiny counterpart. – CNBC