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Kitco News speaks with Peter Hug following the release of higher inflation data in the U.S. and as the dollar continues its correction. Hug says gold is taking its direction mainly from the dollar. “If the dollar continues to weaken, it is short-term positive for the metals,” he says. “[But] I still think the macro picture is for a stronger dollar.” Looking to inflation data, Hug says it could have both positive and negative effects on gold. “Should CPI and inflation start to pick up, the short-term effect would be that the Fed may move earlier, which would be a stronger dollar, which would be short-term negative for the metals,” he explains. However, in the long term, gold should perform well in an inflationary environment. Tune in now to the latest edition of “For Pete’s Sake.” Kitco News, March 24, 2015.
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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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