Long-Term Upside Favors Gold Despite Recent Pullback
May 07, 2024 at 10:01 AM EDT
The Federal Reserve keeping rates unchanged may have caused gold to retreat. But the long-term trend still favors more upside in the precious metal. So far this year, it’s up more than 11% and could continue climbing. The capital markets still expect the Fed to eventually loosen monetary policy and cut rates. But the higher-for-longer [...] The post Long-Term Upside Favors Gold Despite Recent Pullback appeared first on ETF Trends .