Gold Investors Don’t Care About the Stock Market’s Taper Tantrum
- Money managers see negative real rates supporting bullion
- This week’s Fed meeting may further shape gold’s prospects
This article is for subscribers only.
The end of an easy-money era should normally spell bad news for gold. But right now, fund managers are keeping their holdings.
At a time when equities and Bitcoin -- often touted as digital gold -- are sinking as loose monetary policy draws to a close, bullion exchange-traded fund holdings are proving resilient. Despite expectations for multiple U.S. interest-rate hikes this year, bets for real rates to stay negative and demand for an inflation hedge are supporting the appeal of the time-honored haven.