“Tepper also favors gold as a guard against stagflation, an environment where inflation reaches highs, economic growth slows and unemployment spikes. Tepper’s research points to a recession in mid-2020 followed by a period of stagflation,” according to CNBC.
Although gold prices have fallen in the second quarter, investors have added nearly $830 million to IAU and almost $292 million to GLD since April 1st.
For more information on the gold market, visit our gold category.
Tom Lydon’s clients own shares of GLD.