Trump Woes May Be a Double-Edged Sword for Gold If Inflation Cools
- Inflation risks seen waning if growth trails expectations
- Cuggino is bullish longer term with gold ‘building a base’
Gold Set for Best Week Amid Geopolitical Turmoil
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For gold, the biggest crisis of Donald Trump’s presidency could cut both ways.
While prices may continue to rise as investors seek a “safety trade,” they could also drop if the turmoil ends up damping inflation risks as growth expectations are disappointed, according to Michael Cuggino, president and portfolio manager at a San Francisco-based fund that overseas $2.8 billion.