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Gold Bulls Have the Upper Hand
Posted
November 1, 2019
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November 1, 2019
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1:10Now PlayingGold prices surged 20% in the past year, but gold’s bull run is a long way from exhausted. The Federal Reserve has cut interest rates and indicated rate tightening may be up to a year away. Bond yields remain within range and the U.S. dollar has declined from its recent highs. Geopolitical uncertainties abound and Brexit remains unresolved. Global growth remains stagnant and the flow of troubling economic data from China and Germany persists. All told, it’s a complex economic climate that should allow gold to thrive for some time to come. Insights via @CMEGroup
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