BlackRock's (BLK) EMEA investment strategy head, Karim Chedid, says investors are looking at gold as a "diversification hedge" in the current market environment. "When I consider that gold is a non-yielding asset and that rates, yields are indeed coming down, even if they're not coming down as quickly as in previous rate cutting cycles, that also reduces the opportunity cost of holding gold, which is a positive," Chedid tells Bloomberg Television.

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