Now is your chance to get in on gold at the start of a bull run, with U.S Bank classifying the precious metals status as ‘bullish’. Its Asset Management Group, which is responsible for guiding economic policy and analysis, issued a research note this week in which it highlights the momentum helping gold to gain value, while also recognising that the anticipated future actions of the Federal Reserve and policy measures required down the road to help the economy recover will continue to support higher rates.
Its analysts said, “Gold rose 2.5% last week and remains in a bullish trend. The potential for future inflation resulting from central-bank money printing should keep gold prices supported.”
As we noted above, there are already hints that the Fed is about to take its actions further, which could push gold into an even bigger bull run.