Gold Trades Higher
"Inflation hedge" again?
Gold trades higher and look at that 50-day moving average about to cross above the 200-day moving average.
As it becomes a consensus that the Fed will begin cutting interest rates in 2024, does this make the precious metals sector an inflation hedge again?
Worth watching John. Physical gold accounts for about 8% of all assets I manage. Trading is different as "Mo-Mo" traders, momentum traders rule. Volume will dictate on both sides.