Four views: Diversifying the diversifiers

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Four views: Diversifying the diversifiers

The wealth manager’s view Jon Cunliffe, head of investment office, JM Finn Notwithstanding gold’s 35% rally in sterling terms since the start of 2024, we continue to like the metal as both a return-seeking asset and a diversifier with defensive properties. In the US we are seeing an aggressive policy pivot to embrace a strongly reflationary fiscal and monetary policy stance. With real rates likely to fall significantly over the next 12-18 months…