Analyst: Some investors rely on gold to hedge against inflation
analysts at the Bank of Canada pointed out that Trump's pressure on the Fed, questioning the independence of the Fed, and his power to dismiss Powell have all added uncertainty to the already uncertain market. Michael Feroli, chief U.S. economist at JPMorgan Chase, said that any possibility of damage to the Fed's independence would increase the upside risks to the inflation outlook, which is already facing upward pressure from tariffs and rising inflation expectations. Some investors rely on gold as a hedge against inflation. Standard Chartered Bank data shows that investors poured at least $19 billion into gold ETFs in the first quarter of this year. Mitul Kotecha, head of Asia FX and EM macro strategy at Barclays, said it does seem that some funds are flowing into gold, with many investors buying gold.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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