"I think the price of crude oil currently is what investors believe that the Federal Reserve is getting close to the terminal rate. There has been a nervousness in the gold market. Jerome Powell has stated that it will not be appropriate to lower rates. Therefore, the gold price will benefit from this. I think it is healthy that there is little conviction in the S&P 500 Index or SPX," says George Milling-Stanley.
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10 Feb 2023
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