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A Recession, Debt Crisis Would Be Good For Gold - VanEck

From kitco.com

Gold is expected to garner safe-haven interest as investors look to protect themselves against an impending recession, according to one fund manager, In a recent report, Joe Foster, portfolio manager and strategist for the VanEck Gold and Precious Metals Strategy, warned that a growing divergence in the U.S. economy has raised the threat of a recession. “Sentiment remains strong before a recession, while actual economic indicators are weakening, and this time the divergence has become more pronounced,” he said. “…Combined with other late-cycle indicators, stock market volatility, bond market action, and central-bank ... (full story)

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  • Category: Fundamental Analysis