Global stocks rose Wednesday, rebounding from severe lows earlier this week, as comments out of the US on the economy and banking sector raised investors' hopes and led them to get back into riskier assets.
But in the current market volatility, experts tell CNBC where is best to invest.
When Best to Buy Gold
Buy gold if it breaks through $1,005 an ounce, advises Jonathan Barratt, managing director at Commodity Broking Services. He tells CNBC that this will indicate that there is another wave of financial contagion flowing through the market.
Time to Take Profit from Gold?
Alan Plaugmann, head of futures & fixed income at Saxo Capital Markets is not bullish on gold. In fact, he advises investors to take profit now as he expects gold to fall to $780 in three months' time.
Gold to $2,000; Euro in for the Long Haul
Stop listening to the ECB bashers and the euro skeptics, Stephen Gallo from Schneider Foreign Exchange said Wednesday. The euro is certainly forward looking, he added. Charlie Morris from HSBC Global Asset Management suggests buying gold when it's within the $800-$900 range, and sees it rising to $2,000 over the next few years.
Stocks Still in Play but Caution is Advised
"We are still very cautious in the equity markets, but are investing in defensive sectors like health care," Christopher Rinker from Julius Bear said. He believes that the market will become more cyclical toward the second half of the year. He likes big cap companies.
