Gold’s Safe Haven Appeal Will Drive Prices Not Inflation

Unprecedented monetary policy action will boost long-term inflationary pressures, supporting gold's long-term uptrend; however, one market strategist said that investors should keep their eye on economic uncertainty to push prices out of their month-long trading range. 

In an interview with Kitco News, Kristina Hooper, global chief investment officer at Invesco, said that although some economic data have improved recently, the global economy is still far from recovering from the devastation it saw as a result of the COVID-19 pandemic. She added that the threat of a second wave of the virus will be another headwind for the recovery.

- Source, Kitco News