Global stocks rose on Tuesday as fears of a debt crisis in Dubai ebbed. Gold hit a new record high near $1,200 an ounce. Experts told CNBC gold remains a charming investment from now into 2010.
In Favor of Gold
All the fundamental elements are in favor of gold, says Francois Moute, chairman of Neuflize Private Asset. And Brandon Wendell, master instructor at Online Trading Academy, tells them where gold prices are headed.
More Upside Seen for Gold
The price of gold can continue to head higher, believe Brandon Wendell, master instructor at Online Trading Academy & King Lip, portfolio manager at Baker Avenue Asset Management. They explain their bullish outlook.
Strong Outlook for Gold in 2010
Gold is starting to gain respect again, says John Licata, chief investment strategist at Blue Phoenix. He tells CNBC that investors should expect a strong market for the yellow metal for 2010.
Yen Running Out of Steam
Ulrich Leuchtmann, head of FX research at Commerzbank, believes the appreciation trend of the yen should be running out now.
Yuan Won't Appreciate Over Next 12 Months
The yuan won't be allowed to appreciate over the next 12 months, believes Andrew Freris, senior investment strategist, Asia at BNP Paribas Wealth Management.