A number of factors could push gold above $1,250 an ounce, including a weaker U.S. dollar and a more dovish stance from the Federal Reserve, said Martin Murenbeeld, president of Murenbeeld & Co. “The dollar [could roll] over, which I think is the end game of the Trump program, [so] that can happen. The Fed can suddenly pause. Let’s say that I’m wrong on the equity markets. Let’s say that we’re actually looking at the beginnings of a slippery slope into a recession, so then the Fed pauses, maybe it even cuts. I think that’s reaching a bit, but the Fed could pause for a minute, that would change the dynamics of the gold market,” Murenbeeld told Kitco News on the sidelines of the Mines & Money conference in Toronto. Murenbeeld noted that the Trump tariffs have had an “ironic” effect of actually strengthening the dollar.
Related Posts
-
Video: Bitcoin is Not Hurting Gold – Jordan Roy-Byrne (02/26/2021)
-
David H. Smith: The Financial System Starting to Crack – Source – Palisades Radio (02/24/2021)
-
Keep Your Eye On Silver This Week After WallStreetBets Short Squeeze Mania Fades – Mike (02/22/2021)
-
Interview: Correction Continues but Some Optimism Around the Corner – Source – Jordan Roy-Byrne (02/19/2021)