By: JeeYeon Park
CNBC News Associate
Gold is becoming an increasingly attractive investment as a hedge against sovereign risk and volatility in the foreign exchange markets. Can investors still get into gold? Tom Pawlicki, precious metals analyst at MF Global, and Frank Holmes, chief executive and chief investment officer of U.S. Global Investors, shared their outlooks.
“We’ll get a bit of a correction as we go into the summer months, but longer-term, gold will trade much higher,” Holmes told CNBC.
“Right now, the drama has to do with Greece," whose situation is pressuring the euro, he said.
CNBC Stock Market News — Italy Downgrade Rumors Support Gold Bulls - CNBC
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