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Gold remains resilient and is poised to perform in the months to come — that’s according to Will Rhind of GraniteShares.
“The prevailing narrative that you hear sometimes is that when the Fed starts cutting rates that’s going to be really good for stocks and therefore really bad for gold,” he told the Investing News Network.
“I’m not necessarily sure that’s the case — I would want to think about what the conditions might be to cause the Fed to cut rates. I think cutting rates probably means that we are either heading for a recession or we are in a recession — an out-and-out recession,” Rhind continued. “(That could be) a market where stocks go higher, and a market where we see a traditional flight to quality, or flight to safety, and people come in and buy gold. So I think gold is actually sitting quite nicely here.”
This interview was filmed on September 8, 2023.
#Investing #Gold #Platinum
0:00 – Intro
0:29 – Fed’s path forward for rest of year
3:03 – Is a soft economic landing in reach?
3:58 – Gold poised nicely as 2023 continues
5:48 – Growing impact of de-dollarization
9:28 – How do single-stock ETFs works?
15:11 – Platinum market facing big deficit
17:55 – Thoughts on palladium and silver
20:47 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
