Oct. 26 (Bloomberg) -- Investor interest in gold has been rising in the past few years as the precious metal gets re- established as an asset, according to Jason Toussaint, the managing director, U.S. and investment, at the producer-funded World Gold Council.
“The wealth advisers are recommending that people allocate 5 percent of the portfolio to gold,” Toussaint said today at a conference in New York.
Supply and demand fundamentals are supportive of higher prices, he said.
--Editors: Steve Stroth, Daniel Enoch
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