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Mark Mobius Will Consider Buying Gold Only If Prices Drop 20% from Current Levels, Expects USD to Strengthen
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Veteran investor Mark Mobius stated in an interview with Bloomberg that gold has lost its appeal after a surge and he would not purchase gold at current levels; he would only consider buying if gold prices were 20% lower than they are now. He also cited forecasts that a turnaround in the US economy, with the USD potentially strengthening from current levels, could reduce the attractiveness of precious metals. Mobius also believed that the stock markets of China, India, South Korea, and Taiwan are the most attractive in the region for global investors, and he expected sustainable growth in the Chinese market due to advancements in the tech sector. He noted that China's current goal is to excel the US in high-end chips and various AI technologies, with capital flowing into these areas rather than the consumer sector. AASTOCKS Financial News Website: www.aastocks.com |
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