Gold to put in sparkling performance: asset managers
Gold will be the star performer among assets by the end of this year, and will be second in importance only to the dollar over the next quarter century, central bank reserve managers polled by UBS, an investment bank, have said.
Central bankers and sovereign wealth fund officials attending the bank's annual seminar on reserve management, held last week, were convinced that gold would trump global equities, treasury bills and emerging market debt and currencies in 2010, with 30% saying the metal
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