What’s Behind the Gold Rally?
Vishnu Varathan, Head of Economics & Strategy , Mizuho Bank
Earlier this morning, Federal Reserve Chairman Jerome Powell held a news conference following the central bank’s inaugural rate-setting meeting. We ask Vishnu what his key takeaways were. Also, gold advanced to an 8-month high yesterday as investors awaited clues from Powell about the outlook for U.S. monetary policy. Vishnu tells us if the rise in gold a signal of lower interest rates and weaker USD and what his outlook for gold is.
Presented by: Joyce Goh, Julian Ng, Sharidz Abdullah
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