With the latest Fedspeak sounding more dovish as it now projects two interest rate hikes in 2019 as opposed to three or more, this could be the trigger for gold to return to come back into the forefront, particularly as a safe-haven option in the wake of more volatility. While bonds are typically the default play when U.S. equities go awry, gold is also a prime option for diversification as a safe alternative.
ETF traders can access gold plays through the Direxion Daily Jr Gold Miners Bull 3X ETF (NYSEArca: JNUG) and Direxion Daily Gold Miners Bull 3X ETF (NYSEArca: NUGT).
“Investors are looking for higher gold prices, and with good reason,” said George Milling-Stanley, head of gold strategy at State Street Global Advisors. Listen to the full interview below:
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