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Gold could spike 30% to a record high of over $2,000 an ounce as central banks allow inflation and political fears mount, Bridgewater Associates boss Greg Jensen told the Financial Times.
The Federal Reserve and other central banks won’t clamp down on inflation or raise interest rates in the near term, supporting a higher gold price, Ray Dalio’s co-chief at the world’s largest hedge fund, told the newspaper.
“There is so much boiling conflict, that gold being part of a portfolio makes sense to us,” Jensen said.
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Gold could spike 30% to a record high of over $2,000 an ounce as central banks allow inflation and political fears mount, Bridgewater Associates boss Greg Jensen told the Financial Times.

The Federal Reserve and other central banks won’t clamp down on inflation or raise interest rates in the near term, supporting a higher gold price, said Ray Dalio’s co-chief at the world’s largest hedge fund. “That’s a big deal.”

Gold could also benefit from the widening gap between rich and poor Americans, and rising tensions between the US and China, Iran, and others, Jensen told the Financial Times. The FT article didn’t specify …read more


Source:: Businessinsider – Finance

      

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