Schroders Turns Bullish on Gold Amid Debt, Inflation Concerns

Schroders, a London-based asset manager, has upgraded its view on gold to positive in its latest multi-asset outlook.

The firm sees an attractive medium-term opportunity for gold despite elevated real yields and the metal's recent rally.

Schroders notes that strong structural demand from central banks and China, combined with persistent concerns over inflation, sovereign debt, and currency stability, are supporting gold prices.

The asset manager also points to improved speculative positioning and a renewed debasement trade in the US dollar as factors contributing to its bullish stance on gold.