“… Gold prices will 'really break out' if three things "...
Gold prices will 'really break out' if three things happen, says Julian Brigden..."
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The long-term structural trend is for global yields to rise, said Julian Brigden, co-founder of Macro Intelligence 2 Partners. Brigden spoke to Kitco mid-November at the 2023 Precious Metals Summit Zurich event.
He said the three wars happening right now — the U.S.-China trade war, the hot war with Russia, and war in the Middle East — along with climate change, entail “vast quantities of government spending” that will have to be financed, putting upward pressure on yields.
Taking a contrarian view, Brigden thinks the Fed is a long way from cutting rates.
“This idea that we've risen them now, and the next thing is cutting [them]...I think is utterly wrong,” he said. https://www.sabre.gold/
https://www.kitco.com/news/2023-12-07/Gold-prices-will-really-break-out-if-three-things-happen-says-Julian-Brigden.html
https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2023/12