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Hold on to your gold; a Fed rate hike in 2023 could be too late for inflation - VanEck's Foster

From kitco.com

The gold market continues to struggle as investors focus on the potential for tighter monetary policy and transitory higher inflation pressures. However, one fund manager says that the rally in the gold market is far from done as there is still plenty of uncertainty to support precious metals prices. In a report published last week, Joe Foster portfolio manager, of the VanEck Gold Strategy, said that he still sees potential for gold prices to push back to $2,000 an ounce by the end of the year as it could be too little too late for the Fed to stop the growing inflation threat. Despite the bullish outlook, the gold ... (full story)

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  • Category: Fundamental Analysis