The asset that never loses its sheen

With a reputation as a safe-haven asset, gold has historically been perceived as a core risk diversification asset and an efficient tool to preserve and pass on wealth to the next generation.

However, as soaring gold prices rendered the precious metal unaffordable for people with low income and little savings, many gold trading companies now offer gold savings services that encourage people to invest with a small amount of money.

Global gold prices have increased recently, driven by the tension between Russia and Ukraine that caused oil prices, and consequently inflation, to rise.

As of Feb 18, the selling price of gold bullion stood at US$1,880-1,900 an ounce.

Analysts from YLG Group forecast the price to move in…