2024-01-31 03:48:04 ET
Summary
- US GDP expanded at a faster-than-anticipated rate in Q4 2023, raising questions about the timing of the Federal Reserve's next move.
- Despite the positive economic outlook, several firms are recommending gold due to expected rate cuts and increased investment demand.
- The relationship between gold and real interest rates has weakened, with emerging economies' push to increase their gold holdings becoming the most important driver of the metal.
A new report by BMO Capital Markets suggests that the price of gold is no longer being driven by real interest rates. What replaced them? I unveil the answer below....
Read the full article on Seeking Alpha
For further details see:
A New Driver Of Gold?