Gold shines as the US dollar is being treated like monopoly money - abrdn’s Robert Minter
(Kitco News) - The gold market continues to consolidate near its record above $2,750 an ounce. Despite the precious metal’s 33% rally so far this year, one analyst says this is still the calm before the storm, and now is the time for investors to be overweight in commodities, specifically gold.In a recent interview with Kitco News, Robert Minter, Director of ETF Strategy at abrdn, advised that investors should ignore potential short-term market volatility and focus on the bigger picture: interest rates are heading lower.
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Gold SWOT: Gold continues to set repeated record highs
(Kitco Commentary) - The best performing precious metal for the week was palladium, up 10.10%. Palladium surged after the U.S. asked G7 allies to consider sanctions on Russian exports of the metal.