With the Federal Reserve expected to begin hiking interest rates in March, we can expect gold to be increasingly in demand, agree experts. These new economic strategies from the Fed come as the Omicron variant of the coronavirus sweeps the country.
Despite the current wave of infections becoming an issue in the US, this is not expected to throw the Fed off course in their plans, confirmed St. Louis Fed President James Bullard in a recent address to the CFA Society of St. Louis. Inflation is currently running at over double the Fed’s 2% goal, this is not something that can be sustained in the longer term, and almost certainly exemplifies how gold has become an essential portfolio addition.
Don’t hesitate, buy now.
Shortly after the announcement of interest rate plans, gold prices slipped, creating a perfect opportunity for new gold bulls to invest in the precious metal while they remain at an attractive price. Investors with a long-term horizon should consider the current pricing as extremely favorable if they want to expand their physical precious metal portfolio. Embrace the current price dips and buy now.
New investors shouldn’t have to wait too long to reap the benefits of their gold investments, with experts estimating that the second quarter of 2022 is looking good for gold.
Take advantage of the current price and invest in gold now.