Despite its losses, the gold market continues to outperform most other major assets - WGC

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

United States News News

United States United States Latest News,United States United States Headlines

WGC comodities Nasdaq gold Despite its losses, the gold market continues to outperform most other major assets - WGC

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!

"In fact, gold has done much better than inflation-linked bonds both in the U.S. and elsewhere. And we believe that gold's performance so far this year reflects the behavior of its underlying drivers," he said in the report. Although gold prices are expected to continue to struggle in the face of rising interest rates, Artigas said he remains optimistic that the gold market can still find some support through year end.

Artigas added that growing recession risks as central banks continue to tighten monetary policy worldwide should also provide some support for the yellow metal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines