Negative real rates push gold rally
Ranjeetha Pakiam | 30 Aug 2019 00:30
Gold investors are finding that the growing list of negatives in financial markets this year adds up to a very positive outlook.
Among the most potent are negative real interest rates, which strengthen the case for holding the precious metal and underpin expectations for further gains.
Bullion has hit the highest level in more than six years as the US Federal Reserve Board (Fed) and other central banks cut interest rates amid the Sino-US trade war, while inflation remains stable.
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