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VanEck comments on gold price

VanEck comments on gold price

Commenting on the recent price hike in gold, Joe Foster, Portfolio Manager and Strategist for the Gold and Precious Metals strategy, VanEck, says: “As gold hits its highest level for four months, we think its valuation is supported by the markets not pricing in the longer-term impact which further monetary tightening from the Fed could have on a late-cycle economy.