Quoted at MoneyNews: Gold Prices May Soon Rise Again
Strategist Ed Moy: Gold Prices May Soon Rise Again
By Dan Weil
Gold prices fell to a one-month low Tuesday, but factors are in place that could send the precious metal’s value back up, says Ed Moy, former director of the U.S. Mint.
Investors in the United States and Europe have abandoned gold in favor of stocks, as inflation has remained low and the Federal Reserve’s quantitative easing (QE) has boosted equities, Moy tells Yahoo…
Read the full piece over at MoneyNews.com.
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