Gold is likely to regain lost ground in the longer term, Julius Baer's Carsten Menke says in a research note. Investment demand for the yellow metal should pick up once clarity and conviction over the direction of U.S. monetary policy returns, Menke says. Demand should also be supported by central-bank buying, which is still the "strongest structural force in the market," the head of next generation research says. He reiterates the bank's constructive view on gold. "A lot of damage has been done and it will likely take some time for the market to find its footing," he says. Spot gold is 0.9% lower at $4,126,90/oz. (tracy.qu@wsj.com)
Dow Jones Newswires
Gold Likely to Regain Lost Ground — Market Talk
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Gold is likely to regain lost ground in the longer term, Julius Baer's Carsten Menke says in a research note. Investment demand for the yellow metal should pick up once clarity and conviction over the direction of U.S. monetary policy returns, Menke says. Demand should also be supported by central…