Since our mid-week bulletin went out on Wednesday, the gold market took a slight hit in value, as expected, but the precious metal quickly came back stronger than ever on Thursday as worries over the Fed’s monetary policy stance were quashed. Gold has yet again proved itself to be one of the most reliable investments that’s quickly able to claw back losses time and time again.
Many gold bulls were expecting an aggressive policy being pushed by the Fed, which quickly turned out to not be the case. After the hawkish Fed plans failed to be realised, the bulls were back, pushing the value up. Act fast before prices rise further.
In a press conference, Fed Chair Powell suggested that interest rate hikes are not guaranteed after tapering plans wind down — this has raised confidence in the value of gold. Buy now before increased interest in the yellow metal drives up prices again.
Avoid future hikes in the value of gold and buy now.