Return to: Investor | Country
Press release
31 Jan 2019

FED u-turn signals relief for gold investors

Ned Naylor-Leyland, manager of the Merian Gold & Silver Fund at Merian Global Investors believes the Fed’s dovish stance will be positive for monetary metal investors.

 

After the January 2019 US Federal Reserve meeting, it feels like seven years of biblical famine for gold and silver investors is finally coming to an end. The long cycle of promises of normalisation, rate hikes and future reduction of central bank balance sheets has come to a shuddering halt.

Monetary metals are freed from a headlock of hawkish forward guidance and, in my view, look ready to embark on another secular bull market run. It is notable that since the famine cycle started and gold topped out at around US$1,900/oz in 2011, central bank balance sheets have carried on growing. One wonders what levels gold and silver measured in US dollars can reach this time round. 

PREVIOUS PRESS RELEASES
Press release
24 Jan 2019
ECB plays waiting game

Nick Wall, manager of the Merian Strategic Absolute Return Bond Fund reacts to the first ECB meeting of 2019.

Press release
08 Jan 2019
Merian Global Investors announces new chief executive

Richard Buxton remains as head of UK equities

Next press release:
US jobs data: what a difference a year makes

01 Feb 2019

Nick Wall, fixed income portfolio manager, Merian Global Investors

Read More
Loading....%