-
Published on Oct 4, 2016
KITCO
NEWS - With gold prices wavering ahead of the U.S. election and a
potential interest rate hike by the end of the year, investors are
trying to decipher where the metal is headed next; according to famed
investor Rick Rule, bullion is moving higher. "The catalyst for it going
higher is simple: zero interest rates and negative interest rates," the
chairman of Sprott U.S. Holdings told Kitco News at the Mines &
Money event in Toronto. "Frankly, I think interest rates will be more
important to the gold market than either Clinton or Trump." He noted
that the Fed is "trapped" and continues to be "addicted" to low rates,
which will bode well for gold.
No comments:
Post a Comment