Gold is one of the relatively few assets that is uncorrelated to the performance of equity markets. Various commentators expect the year ahead to mirror the final quarter and give investors a bumpy ride, due to the various hazards on the horizon. These range from Brexit uncertainties to fears of a potential economic slowdown in America, one of the relatively few bright spots of 2018.
Of the safe-haven plays, gold is viewed as the standout choice. Over the years the precious metal has proved its value when it comes to protecting portfolios from volatile markets. The final quarter of 2018 was another case in point, with the yellow metal rising to a six-month high of nearly £1,300 a troy ounce.
Moreover, the month of December saw gold funds shine, with HC Charteris Gold & Precious Metals and Investec Global Gold returning 12% and 11.6% respectively.
KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.
