Gold Is Back; Why The Fed Has Engineered "Right" Environment

Current monetary policy is conducive to a rise in gold prices, either this year or next, said Will Rhind, CEO of GraniteShares.
“The rate hike calendar for this year wasn’t going to be the same, and we obviously had the [Fed] meeting in January where it was confirmed that the Fed was going to put their policy on hold, and I think more than that, they actually kind of changed policy toward interest rates and try to engineer an overshoot in inflation rather than tightening into weakness in the global economy,” Rhind told Kitco News. (show less)

Current monetary policy is conducive to a rise in gold prices, either this year or next, said Will Rhind, CEO of GraniteShares.
“The rate hike calendar for this year wasn’t going to be the same, and we obviously had the [Fed] meeting in January where it was confirmed that the Fed was going to put their policy on hold, and I think more than that, they actually kind of changed policy toward interest rates and try to engineer an overshoot in inflation rather than ... (read more)

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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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