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US government shutdown brings debt problems into focus, which is positive for gold - Invesco's Kristina Hooper

From kitco.com

U.S. 10-year bond yields at fresh 16-year highs as the U.S. dollar near a one-year high continues to keep a lid on the gold market; however, according to one market strategist, the precious metal's downside remains limited as economic uncertainty and rising U.S. debt provide solid support. In an interview with Kitco News, Kristina Hooper, chief global market strategist at Invesco, said that while she doesn't expect the U.S. economy to slip into a recession, she said that the Federal Reserve's outlook for a soft landing is a little too optimistic. She added that she sees a rough landing for the U.S. economy and a ... (full story)

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  • Category: Fundamental Analysis