Friday, September 16, 2016

Roubini : Significant Upside In Gold Less Likely

“My personal view will be as follows: most likely the Fed will skip September because there’s an election coming and because the economic data being mixed,” the New York University professor said. “But you can expect the Fed is going to hike this year at least once in December.”

“Therefore, buying gold as a hedge against extreme tail risk in financial markets is probably not a likely scenario,” he said. “Now that other assets are offering capital gains and income, gold looks less appealing.”

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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