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Gold should do well as weak growth forces central banks to give up on 2% inflation targets - Capitalight's Chantele Schieven
Gold prices remain under pressure, but its ability to hold critical support levels reveals that investors could be worried that hawkish monetary policies worldwide have run their course, even as inflation remains stubbornly high. Although the U.S. Federal Reserve has maintained its hawkish bias, there are signs that the European Central Bank could be ready to shift to a more neutral stance on monetary policy and potentially adjust its inflation target rate, according to Chantelle Schieven, head of research at Capitalight Research. Schieven's comments come ahead of the ECB's monetary policy decision Thursday. The ... (full story)