In recent tightening plans laid out by the Federal Reserve, everything seems to be aligning for gold prices, with a new high of $2,200 (£1,672) seemingly in reach for the yellow precious metal.
Gold prices are now free to push the through the current $2,000 (£1,520) barrier due to high inflation remaining a clear threat to consumers across the country. Already outperforming a range of financial assets and commodities, these recent plans are further demonstrating gold’s ability to be an extremely valuable investment opportunity.
Buy now to feel the full benefits of future gold price increases.
In a recent interview, chief gold strategist at State Street Global Advisors, George Milling-Stanley highlighted how although the Fed’s new policy was slightly more hawkish than investors had originally anticipated, it will only act to further push the prices of gold up and will not act as a deterrent to gold bulls or potential investors.
As many gold bulls expected, the Fed raised interest rates by 25 basis points, which will combine with an already red-hot inflationary environment to create a bullish case for gold to trade somewhere between $2,000 (£1,520) and $2,200 (£1,672) in the very near future.
We have seen countless times over the past few weeks that gold really comes into its own during global economic uncertainty. With risk averse sentiment now a priority, this is an opportune moment to invest in gold. Act quickly.
