Gold regains its shine

The gold price has bounced off four-year lows, with scope for further gains.

Gold has bounced from four-year lows as stockmarkets have swooned, boosting demand for an asset that historically does well when other assets fall. Fears that the eurozone crisis is flaring up again have also been bullish for gold. Can it build on the latest jump?

The fundamentals look tricky. The US dollar is strengthening as investors price in rising interest rates. Higher rates, plus an ongoing economic recovery, suggests things are getting back to normal not good news for an asset that thrives on bad news.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.