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Gold’s safe-haven appeal will drive prices not inflation – Invesco

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Extraordinary monetary plan activity will certainly improve long-term inflationary stress, sustaining gold's long-lasting uptrend; nonetheless, one market strategist claimed that financiers ought to keep their eye on economic unpredictability to push evaluate of their month-long trading array.

In a meeting with Kitco News, Kristina Hooper, worldwide chief financial investment officer at Invesco, stated that although some economic information have actually boosted recently, the global economic situation is still far from recouping from the devastation it viewed as an outcome of the COVID-19 pandemic. She added that the danger of a 2nd wave of the virus will be one more headwind for the healing.

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Gold’s safe-haven appeal will drive prices not inflation – Invesco

Unprecedented monetary policy action will boost long-term inflationary pressures, supporting gold's long-term uptrend; however, one market strategist said that investors should keep their eye on economic uncertainty to push prices out of their month-long trading range.

In an interview with Kitco News, Kristina Hooper, global chief investment officer at Invesco, said that although some economic data have improved recently, the global economy is still far from recovering from the devastation it saw as a result of the COVID-19 pandemic. She added that the threat of a second wave of the virus will be another headwind for the recovery.

__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.