Gold Is Setting up for One of Its Best Decades as Fiat Currencies Face Mounting Pressure - WisdomTree’s Shah
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At Comex, gold metal for December closed at 0.37%, at $4,202.30 per ounce-throy
The most liquid gold contract advanced through the third consecutive session, in the face of the fall in the revenues of the securities of the US Treasury, the Treasures, and in the midst of weightings on the trajectory of interest rates to be adopted by the Federal Reserve (Fed, the US central bank), waiting for the publication of the employment report [...]
Nitesh Shah, Head of Commodities and Macroeconomic Research at the US-based global firm WisdomTree, stated that high bond yields and a strong dollar are putting pressure on gold in the short term. However, Shah maintained a positive outlook for gold's trajectory over the next 12 months and provided a price forecast.
Gold is setting up for one of its best decades as fiat currencies face mounting pressure - WisdomTree’s Shah
(Kitco News) - The gold market continues to struggle against rising bond yields and tighter global monetary policy, but one commodity strategist says investors may be focusing too much on the short-term headwinds and missing what could become one of the most important bullish environments for the precious metal in decades.In an interview with Kitco News, Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, said that althoug…
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