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Gold is the one asset that was a beneficiary of the U.S. election results, or so says Adrian Day of Adrian Day Asset Management. Providing us with a follow-up to our last, pre-election discussion, Day points out that with the re-election of Obama comes the extension and continuation of the same or similar monetary policy; with Bernanke remaining in control of the FED, the U.S. will continue to pursue a “misguided, easy-money” policy, with artificially low interest rates. This, along with a split Congress that nearly ensures the debate about the fiscal cliff will continue in a mostly unproductive manner, are both positive for gold according to Day. Kitco News, November 27, 2012.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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