Most Viewed
Gold price needs Fed cuts to go higher and it will get them – Murenbeeld & Co.
Despite gold’s recent lackluster performance the price can easily go higher if the Federal Reserve cuts interest rates by 50 basis points at its next meeting, according to Chantelle Schieven, head of research for Murenbeeld & Co.
On the sidelines of the Prospectors and Developers Association of Canada (PDAC) 2020 conference, Schieven said that she is more bullish on gold than she has been in a long time as central banks look to ease interest rates to boost consumer sentiment, weakened by the spreading coronavirus.
“Once we see the policy action to the latest crisis we will see gold have another leg up,” she told Kitco News. “The Fed, ever since 2008, has been very sensitive to market reaction. When they do meet in the middle of March and markets are still pricing in a 50 basis-point cut then I do believe that we will get it.” (show less)
Despite gold’s recent lackluster performance the price can easily go higher if the Federal Reserve cuts interest rates by 50 basis points at its next meeting, according to Chantelle Schieven, head of research for Murenbeeld & Co.
On the sidelines of the Prospectors and Developers Association of Canada (PDAC) 2020 conference, Schieven said that she is more bullish on gold than she has been in a long time as central banks look to ease interest rates to boost ... (read more)
PDAC 2020
PDAC: The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, companies and organizations in, or connected with, mineral exploration. In addition to meeting over 1,100 exhibitors, 2,500 investors and 25,800 attendees from 132 countries, you canDisclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
