“Visible continuity from the Federal Reserve Board regarding an elongated zero-interest-rate policy, a reversing trend in the value of the dollar and supportive investor interest should allow gold prices to move higher,” said financial news outlet Barron’s.
Despite the Fed’s overly optimistic forecast for growth, our chief economist, Lindsey M. Piegza, continues to expect the Fed to remain restrained by a more lackluster reality until at least 2016. Lindsey believes the Fed will remain patient, waiting for realized improvement before adjusting monetary policy.
We have entered a period that has historically provided seasonal support to gold and silver prices and equities.
See full story on barrons.com