LONDON, 17 March 2017 – US-based investment research and fund ratings service Morningstar today quotes comment from BullionVault on what some analysts think is gold's "surprising" gains after the Federal Reserve raised interest rates this week.
"Rising rates are a sign of a healthy economy," says Morningstar's report, "[whereas] gold is used as a hedge against recession and uncertainty.
"But today," it goes on, before quoting analysis from BullionVault, "investors are turning to the yellow metal in anticipation of that great destroyer of value; inflation."
Read BullionVault's comment in full at Morningstar here:
Source:
Morningstar
