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What's gold price outlook as markets shift from inflation to recession fears?
Gold's volatility has been relatively low compared to other assets as the precious metal retains its "mild bull market" status and trades comfortably between $1,800-$1,900 an ounce. But don't expect a gold price rally until some confidence returns to the marketplace, according to MKS PAMP. There is a shift in the market as inflation fears give way to recession panic, with equity investors opting out for cash over safe havens like gold, said MKS PAMP metals strategist Nicky Shiels. "There has been unprecedented damage in equities (and other assets) where money has retreated into cash/US$, less so havens. ... (full story)
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- Posted: Jun 24, 2022 2:50am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 80
