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In an exclusive comment to Kitco News, Tom Bailey, Head of ETF Research at HANetf, said that despite the challenges in 2023, gold is in a unique position to benefit from rate cuts from the Federal Reserve, even as expectations for aggressive easing has been pared back.remains strong. Its role in a diversified portfolio remains unchanged. At the same time, the opportunity cost of gold decreases if we see rate cuts, making gold relatively more attractive.
“Outside of financial services, there is increasing awareness of the importance of recycled gold,” the firm said in the announcement. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »