FE Alpha Manager Cheveley: Why the macro supports buying gold now

FE TRUSTNET/Rob Langston/9-19-2017

“According to Investec, the precious metal tends to perform well once an interest rate hiking cycle starts. While this has begun the path for further rises remains uncertain. As a store of value, the yellow metal can also act as an inflation hedge in high or low inflationary environments. . .FE Alpha Manager Cheveley said the precious metal ‘works well in a real low rate environment’, where both inflation and interest rates are low.”

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