Gold Stocks Very Oversold, But Need Macro Catalyst – Investing.com

Gold Stocks Very Oversold, But Need Macro Catalyst – Investing.com

No, the Fed pushing out rate hikes with language doesn’t amount to a macro catalyst. History shows that a macro catalyst for is usually a shift in Fed policy, or a correction, or bear market in the stock market. These things typically lead to declining real interest rates, which drives gold higher.

In 2017 and 2018, we wrote about how the end of Fed rate hikes and move to cuts would be the turning point for precious metals.

In recent weeks and months, we’ve argued that the Fed’s first rate hike would mark the start of the next significant move in gold. We’ve also discussed the importance of .