Gold price needs Fed cuts to go higher and it will get them – Murenbeeld & Co.

Despite gold’s recent lackluster performance the price can easily go higher if the Federal Reserve cuts interest rates by 50 basis points at its next meeting, according to Chantelle Schieven, head of research for Murenbeeld & Co.

On the sidelines of the Prospectors and Developers Association of Canada (PDAC) 2020 conference, Schieven said that she is more bullish on gold than she has been in a long time as central banks look to ease interest rates to boost consumer sentiment, weakened by the spreading coronavirus.

“Once we see the policy action to the latest crisis we will see gold have another leg up,” she told Kitco News. “The Fed, ever since 2008, has been very sensitive to market reaction. When they do meet in the middle of March and markets are still pricing in a 50 basis-point cut then I do believe that we will get it.”
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit

Follow us on social media:
Facebook –
Twitter –
Google+:
StockTwits –

Live gold price and charts:
Live silver price and charts:

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.