We Don’t Need A Global Recession To Be Constructive Gold – BMO Analyst
from Kitco NEWS
Gold prices remain up on the year, as investors continue to seek safe-havens in times of financial turmoil, and one BMO analyst says a global recession may not be necessary to keep this rally going. ‘I don’t think we need to go that far to be constructive on the price of gold,’ Andrew Kaip, BMO’s co-head of mining research, told Kitco News at the bank’s annual Metals & Mining Conference in Hollywood, Florida. ‘I think we just need to be in a position where global growth is probably more subdued than what we were expecting, and that will be enough of an impact on the U.S. to keep the Fed on the sidelines,’ he said.
The post We Don’t Need A Global Recession To Be Constructive Gold – BMO Analyst appeared first on Financial Survival Network.
Source: http://financialsurvivalnetwork.com/2016/03/dont-need-global-recession-constructive-gold-bmo-analyst/?utm_source=rss&utm_medium=rss&utm_campaign=dont-need-global-recession-constructive-gold-bmo-analyst
