Strategist: This is the Reason Why Not To Sell Gold
January 17, 2020 at 08:00 AM EST
Hold the gold—it’s a simple strategy in an uncertain market that could turn any day by various risk-based factors, but Longview Economics CEO Chris Watling suggests another reason that could help support gold prices is the Federal Reserve’s repo program. The central bank uses the program to adjust the supply of reserve balances to keep its interest rate target in check.