Trading Ideas
3 Compelling Gold Stocks With Strong Momentum
Gold has shown high volatility this year as traders try to react to the coronavirus crisis. The metal started the year sedately, but began to rise in February as the crisis spread out of China. As central banks inject money into the global economy via an unprecedented qualitative easing, and cut interest rates in an effort to restart economic activity, the mid- to long-term result will likely be steady increases inflation — a favorable environment for gold. As Stifel analyst Tyron Breytenbach notes in his recent report on precious metals, “Gold has traditionally outperformed during periods of high inflation as …read more […]