Kitco News kicks off the week with Gary Wagner's analysis of the gold market after breaking above $1,300 on Friday. "It certainly signals a major change in market sentiment," he says. Wagner adds that it is interesting how gold and equities are rallying at the same time. "It is a fairly rare occurrence to see gold and the equities markets run in tandem," he says. "And that tends to happen only when you have a scenario in which the Fed continues its loose monetary policy." Looking further at the U.S. economy, Wagner says he is certain it is improving. "The question is how quickly is the recovery coming along?" Tune in now to get more of Wagner's gold market analysis and hear where he expects the yellow metal to move next. Kitco News, February 17, 2014.
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Gold And Equities Running In Tandem, Pointing To More Monetary Stimulus? -- February 17, 2014 | |
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