Is Gold back in vogue?

Walking around the streets of Hong Kong it is hard to believe that gold ever goes out of fashion but after a period of languishing as an investment it is having a renaissance according to MLIM.

Richenda Evans-Freke

June 12, 2002

Merrill Lynch Investment Managers (MLIM) highly rated MST World Gold and Mining Fund has seen a rise of 129% in US dollar terms over three years to the end of May 2002 - a return which compares very favorably to MSCI World Index which fell 19%. The price of gold hit US$327 at the end of May compared to a low of US$265 in July 2001, a rise that is expected to continue according to Evy Hambro, manager of the MST fund.

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