Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! However, one market analyst said gold still remains an attractive asset as the global market is bigger than U.S. monetary policy.
Yang said that she is optimistic that the U.S. economy can avoid a recession as the Federal Reserve continues to raise interest rates. However, she added that even in this scenario, there is going to be a lot of volatility, and investors should look at diversifying their portfolios, which includes holding precious metals, to protect themselves.
"Right now, the Federal Reserve is trying to balance a lot of different factors. We certainly have to be careful of our debt," she said. "Ultimately, the Federal Reserve will be practical and realistic." "If you are a central bank holding U.S. dollars and you expect to see more volatility, it makes sense to diversify your reserves a little," she said.
what is that supposed to mean?!!!
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