Gold investors are waiting to see what will come out of next week’s Federal Reserve meeting, while the U.S. presidential election remains a key event to watch this year. But, according to EverBank’s executive vice president Frank Trotter, both factors may prove to be positive for gold moving forward. For one, Fed chair Janet Yellen won’t raise interest rates at the central bank’s September meeting, he told Kitco News on the sidelines of the Total Wealth Symposium in Bermuda. This should bode well for gold. As for the elections, regardless of who becomes the next President, gold should continue to rise. ‘Trump is anti-trade and all these other things…that would bode well for gold and Clinton is expected to continue more or less the same policies,” he said. “It’s kind of a rosy picture either way.”
This video is brought to you by Kitco News.
Visit Gold Silver Intel for more.
source http://goldsilverintel.com/trump-clinton-provide-rosy-picture-gold-everbank/
No comments:
Post a Comment