Will the monetary stimulus result in a weak dollar, higher inflation and higher gold?
*Bloomberg, by Nicholas Larkin, September 18, 2009:
“Gold May Advance on Dollar, Inflation Concern, Survey Shows
Gold, trading within about 2 percent of a record, may advance as
investors seek to hedge against a weaker dollar and possible inflation,
a survey showed.
Sixteen of 21 traders, investors and analysts surveyed by Bloomberg, or
76 percent, said bullion would rise next week. Three forecast lower
prices, and two were neutral. Gold for delivery in December was down
0.6 percent at $1,014.50 an ounce as of 12:14 p.m. yesterday in New
York.
Gold reached an 18-month high of $1,025.80 an ounce yesterday, and is
set for a fifth weekly gain as the U.S. Dollar Index reached its lowest
level in almost a year. U.S. consumer prices rose 0.4 percent in
August, beating economists' forecasts, while an increase in the
country's housing starts and a decline in first-time jobless claims
signaled the economy is pulling out of the worst recession since World
War II.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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