Gold investment potential remains healthy despite Fed's hawkish stance - State Street's Milling-Stanley

- Although the gold market is suffering from a lack of momentum, the precious metal's investment potential remains healthy, with plenty of potential to grow, according to one market strategist.

Milling-Stanley's optimistic comments on gold come as State Street releases an update to its gold investor survey published in June. The updated analysis looked at the role financial advisors can play in developing the gold market. "The main message from the analysts is that the future of gold investment seems to be safe. That is very, very good news," said Milling-Stanley."There is a job for the industry at large to do in terms of educating investors and potential investors."

Although interest rates are expected to remain higher or longer, Milling-Stanley said it is not a significant threat to the gold rally, because Wednesday's decision is providing little new momentum for the U.S. dollar.

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