- Resilient strength in the U.S. economy is creating some optimism at the Federal Reserve that it can maintain its aggressive monetary policy to fight inflation without creating a recession. However, according to one market analyst, that optimism still isn't shared among retail investors, and persistent fear and uncertainty will keep gold prices well-supported through the summer and into year-end.
Even if the U.S. can avoid a recession, Milling-Stanley said the Federal Reserve's monetary policy will still slow growth. He added that while not a perfect environment for gold, low growth and stubborn inflation is still positive for the precious metal. "Whatever the outcome is going to be, it's going to be a lot worse for equities," he said."Equities are still living on borrowed time. The equity market is still behaving as if we had free money, but we don't. Money now costs somewhere between five-and-a-quarter and five-and-a-half percent."
"For most of my career, my feeling has always been that it was my generation and older people investing in gold, and I was a little concerned because we're dying off," he said."So these results took me by surprise. I'm still trying to figure out why millennials jumped over Gen X." Another factor making it easier for Millennials to invest in gold has been the evolution of exchange-traded products. Before the SPDR Gold Shares was launched in 2004, the only way to invest in gold was in the futures market or in physical bullion.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ETCanada - 🏆 67. / 51 Read more »
Source: PGCitizen - 🏆 65. / 51 Read more »
Source: PGCitizen - 🏆 65. / 51 Read more »
Source: ETCanada - 🏆 67. / 51 Read more »
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Source: PGCitizen - 🏆 65. / 51 Read more »