Gold remains a core asset to hold ahead of U.S. elections

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Gold remains a core asset to hold ahead of U.S. elections
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In the broader commodity space, SocGen now sees more potential for copper through the rest of the year as it expects oil prices to struggle. Although SocGen has reduced its exposure to U.S. government bonds, it has broadly increased its holding of corporate debt as it says lending conditions have improved.

What if two consecutive months of higher-than-expected inflation prints push the Fed to pull back from its implied easing bias, and instead set the central bank’s monetary policy on more neutral footing?Gold’s year-ahead returns projected at 8.46%, Fed cuts are ‘icing on the cake’ – QuantStreet Capital’s Mamaysky

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