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JPMorgan Expert Issues Warning to Investors as Gold Set for Best Year in Nearly a Decade

Sputnik News - The price of gold has just climbed to its highest level since 25 September and many investors are looking to the bullion as a safe bet for their 2020 portfolios amid falling dollar prices.

Gold prices per ounce managed to climb to $1,524.23 on 31 December as the dollar deepened to a six-month low, signifying a 19% gain in the precious metal since the start of the year - its biggest annual rise since 2010, according to Bloomberg. JPMorgan Global Market Strategist Hannah Anderson has, nevertheless, warned investors who are now positioning their portfolios for 2020 that gold is not necessarily the best option for a sound portfolio protection.

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