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Daniel Lacalle: Gold rises as market sees less geopolitical risk and oil prices drop
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, notes that gold prices are strengthening as geopolitical concerns ease while oil prices fall and markets anticipate increased money printing.
The shift reflects changing investor sentiment as risk factors diminish and expectations for monetary stimulus grow.
Lacalle has recently highlighted that U.S. consumer confidence and key Federal Reserve indexes have exceeded estimates. He has also noted that the Bloomberg commodity index has entered bearish territory. The economist continues to track shifts across major asset classes.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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