A Recession, Debt Crisis Would Be Good For Gold – VanEck – Kitco News
(Kitco News) – Gold is expected to garner safe-haven interest as investors look to protect themselves against an impending recession, according to one fund manager,
In a recent report, Joe Foster, portfolio manager and strategist for the VanEck Gold and Precious Metals Strategy, warned that a growing divergence in the U.S. economy has raised the threat of a recession.
Sentiment remains strong before a recession, while actual economic indicators are weakening, and this time the divergence has become more pronounced, he said. Combined with other late-cycle indicators, stock market volatility, bond market action, and central-bank behavior all suggest a recession remains in the forecast and probably may occur sooner than many …
Read the full article at: https://www.kitco.com/news/2019-04-15/A-Recession-Debt-Crisis-Would-Be-Good-For-Gold-VanEck.html