Invesco Analyst Maintains Bullish Outlook for Gold Despite Interest Rates Hike
By: Investor Brand Network
June 28, 2022 at 13:49 PM EDT
For decades, gold has proven to be a safe-haven asset capable of weathering economic downturns without significant price-reductions. Now that the global economy is in a slump and is predicted to enter a recession in the near future, analysts say that gold still remains a solid investment even after the Federal Reserve hiked interest rates by the highest percentage since 1994.
Invesco's chief investment strategist Kristina Hooper stated in a recent interview that even…
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