Why Precious Metals are Shining Brighter for Investors
Gold headed for a third weekly advance as concern the U.K. may vote to leave the European Union and the U.S. Federal Reserve’s decision to hold off raising interest rates boosted demand for the precious metal. Prices are up 0.8 percent this week and 21 percent for the year, as gold has benefited from haven demand. Fed Chair Janet Yellen said Wednesday the June 23 Brexit referendum was a factor in the central bank’s decision to keep interest rates on hold this week as the bank reined in its projection for increases over the next two years. JPMorgan Strategist Alexander Dryden discusses with Bloomberg's Anna Edwards on "Countdown."