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WGC's Reade: Gold has rallied into headwinds; what's next?

John Reade of the World Gold Council believes that gold's rally to record highs may be changing as macroeconomic factors come into play. He suggests that gold typically performs well when interest rates are cut and if those rate cuts weaken the US dollar, it could provide a double tailwind for the metal. Meanwhile, Jason Pidcock of Jupiter Asian Income manager highlights the rising global debt levels and loose fiscal policies as reasons to invest in gold. He believes that a reduction in the value of fiat currencies will lead to a rise in commodities prices. Both experts recommend having exposure to gold for diversification and as an insurance policy.

Original article source: https://www.jpost.com/business-and-innovation/precious-metals/article-820709
Source Id: 8326729928

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