Undiminished shine: Gold bullion bars are pictured at the ABC Refinery in Sydney. Its prices are surging in a commodity seen as a refuge amid economic uncertainty. — AFP
HONG KONG: Gold and United States stocks could part ways during a fresh round of market turbulence, ending a three-month period in which their returns were almost yoked.
Renewed deterioration of the global economy and more lockdowns to prevent Covid-19 from spreading should hit equities but leave gold standing, according to Societe Generale.
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