LIVE MARKETS-Gold selloff creates "reasonable" entry point - Barclays
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GOLD SELLOFF CREATES "REASONABLE" ENTRY POINT - BARCLAYS
Gold XAU= has fallen 16% in March and is heading for its biggest monthly slide since 2008, despite one of the biggest energy shocks on record and as stocks and bonds have come under heavy selling pressure.
Unsurprisingly, gold's role as a safe-haven has been questioned in this latest episode, as it has given back almost all of its gains from 2026.
But the selloff has created a reasonable entry point, Barclays strategists said in the bank's latest investment outlook.
"The combination of geopolitical risk, persistent central bank buying, the inflation spike from the oil shock, and the fiscal effect of the conflict should all support gold, especially as a tail hedge in most portfolios," Barclays said.
(Samuel Indyk)
EARLIER ON LIVE MARKETS:
STOXX 600 DROPS 1%, OIL RISES AS MARKETS WEIGH UP MIDDLE EAST UPDATES CLICK HERE
EUROPE BEFORE THE BELL: OIL UP, STOCK FUTURES DOWN CLICK HERE
HOPE AND HORMUZ CLICK HERE
