“The Fed is saying, ‘We’re going to force people into riskier investments by making sure they can’t earn anything in the money markets,’ so it does lend a little bit of support to stocks,” Jerome Heppelmann, portfolio manager at Omcap Investors, said in a Wall Street Journal report. “People are coming more and more to the realization that, if they want to outperform inflation in the next three years, they’re going to have to take on a little more risk.”
The large-cap gold miner ETFs rallied to its 50-day exponential moving average on Wednesday.
Market Vectors Gold Miners
For more information on gold producers, visit our gold miners category.
Max Chen contributed to this article.