Ever since the first round of QE was launched six years ago, gold bugs have been singing the praises of the yellow metal. However, after gold prices peaked at more than $1,900 an ounce during the second half of 2011, investors have been slowly turning their backs on the traditional safe haven asset.
It is widely expected that the Federal Reserve will begin to tighten its monetary policy this week, and this new hawkish stance is bound to have an effect on the price of gold. In a research note sent to clients on Monday, J.P. Morgan's precious metals & coal analysts, John Bridges and Anant Inani, discussed the outlook for the yellow metal, along with their strategy for dealing with the precious metals...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
