Gold investors should not fear equity market – State Street Global Advisors

It has been a big week for the gold market as surging momentum has pushed prices to their highest level in nearly eight years. In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors, said that he continues to expect gold to push higher through the rest of the year. Although his base case doesn’t call for $2,000 gold by year-end, he added that a move to that level is not out of the “realm of possibilities.”
In a world awash in uncertainty and volatility, gold has done exactly what it was supposed to do, he added. (show less)

It has been a big week for the gold market as surging momentum has pushed prices to their highest level in nearly eight years. In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors, said that he continues to expect gold to push higher through the rest of the year. Although his base case doesn’t call for $2,000 gold by year-end, he added that a move to that level is not out of the “realm of ... (read more)

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