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Gold price has 'innate ability to rally when consensus is bearish' – MKS
Gold's top three drivers in 2022 are inflation, the Federal Reserve, and stock market volatility, according to MKS PAMP GROUP outlook for the year. "We do not hold the view of most analysts (a downward trajectory of gold from here)," said MKS PAMP GROUP head of metals strategy Nicky Shiels. "Gold is a referee on the Fed and a policy mistake (either rampant inflation or an aggressive hiking cycle bringing forward recession risk), who are currently well behind the inflation curve." Even though gold is slightly down on the year so far, prices have the ability to move higher from here, Shiels wrote. "Gold has one more ... (full story)
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- Posted: Jan 13, 2022 7:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 61
