Out-of-Favor Gold Looks Attractive as Risks Mount, Nikko AM Says.

Gold has been driven lower in recent months as the US Federal Reserve hiked interest rates to quell inflation, with investors absorbing the message from policymakers that borrowing costs are likely to be higher for longer. (Bloomberg) -- Gold's recent tumble has made it more attractive in an environment in which elevated interest rates boost the odds of unexpected market ructions, according to Nikko Asset Management. [Extracted from the article]