Sunday, 22nd November 2009

 

3 February 2009 - Press Briefing

Top Merrill wealth executive recommends gold to Gulf HNW individuals

Wealthy individuals in the Gulf should stick to cash, corporate bonds and gold, Gary Dugan, Merrill Lynch's chief investment officer for Global Wealth Management in Europe Middle East and Africa region, has said, according to report in Gulf News.

Predicting a “more sustained rally” for precious metals, led by gold, Dugan said that gold was likely to benefit from “a weakening of the dollar in the second half of the year".

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