Now is the time to buy gold, major commodities team suggests

"Based on empirical data for the past six tightening cycles, gold has outperformed post rate hikes four times"

1635

(INTELLIHUB) — A Goldman Sachs commodities team suggests that gold may “outperform” in the coming months amid growing fears of an upcoming stock market bobble.

A man by the name of Eugene King leads a team of Goldman Sachs analysts who believe now is the time to invest in gold.

“Last week, the Federal Reserve approved the widely anticipated quarter-point rate hike to put the new benchmark funds rate at 1.75 percent. Central bankers, led by Jerome Powell in his first meeting as chairman, also hinted the path of rate hikes could be more aggressive,” as CNBC reports.

Historically speaking, when the stock market has fallen from rate hikes gold typically climbs which is what makes the tangible metal such an appealing investment.

“Based on empirical data for the past six tightening cycles, gold has outperformed post rate hikes four times,” one analyst explained.

©2018. INTELLIHUB.COM. All Rights Reserved.
The Shepard Ambellas Show is an all original fast-paced comedy, variety, news show where nearly everything goes. Shepard Ambellas is the founder and editor-in-chief of the popular independent news website Intellihub.com (news and politics). Bethany Adoni sits shotgun. The Shepard Ambellas Show airs LIVE weekdays (Mon-Fri) on the Shepard Ambellas YouTube channel from 5-7 pm Eastern/4C/2P. Subscribe now! Turn notifications on immediately. The show is nationally syndicated on iHeart Radio. An archived version of the show is also available on Apple Podcasts, Spotify, Google Podcasts, Castbox, Deezer, Podcast Addict, Podchaser, JioSaavn, and Spreaker for you listening pleasure.