Gold Is More Relevant Now Than Ever - Keith Fitz-Gerald

The Fed seems to be pulling in the reins on gold's 2016 rally as markets expect rate hikes sometime this summer. But could the Fed also be gold's salvation? What is the central bank's end game? These are just a few questions discussed on Kitco News with Keith Fitz-Gerald, chief market strategist for Total Wealth Research. ‘Gold has never been more relevant,’ he said. ‘I don’t believe it’s optional and I do believe every investor needs to have it.’ Gold has recently lost ground, hitting a 3.5-month low, on heightened expectations of a rate hike in the U.S. August Comex gold futures last traded relatively unchanged at $1,214.50 an ounce. (show less)

The Fed seems to be pulling in the reins on gold's 2016 rally as markets expect rate hikes sometime this summer. But could the Fed also be gold's salvation? What is the central bank's end game? These are just a few questions discussed on Kitco News with Keith Fitz-Gerald, chief market strategist for Total Wealth Research. ‘Gold has never been more relevant,’ he said. ‘I don’t believe it’s optional and I do believe every investor needs to have it.’ Gold has recently ... (read more)

 
 
Kitco News

Kitco News
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

 

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