“The Fed has made it clear that the economy is weak, and the stimulus spigot will be open full-bore,” John Stephenson, a manager at First Asset Investment Management Inc., said in the article. “That means they’re continuing to inject more into the money supply, and that is a bullish argument for gold.”
SPDR Gold Shares
For more information on gold, visit our gold category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.