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Gold prices to remain supported: Lombard Odier’s Stéphane Monier

A 15% increase in gold prices year-to-date has not diminished Lombard Odier’s appetite for gold, with the bank having added the yellow metal to its strategic asset allocation framework. Stéphane Monier, the private bank’s CIO, pointed out that as the global pandemic has taken hold this year, investors have been proactively looking for hedgers and diversifiers and gold prices have…

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