As markets digest the recent central bank meeting in Jackson Hole, Wyoming, Kitco News is joined by Keith Fitz-Gerald, chief investment strategist for moneymorning.com, to talk about gold. The metal is off the 6-week high it hit in August on concerns over China’s weak economy and stock market volatility, and Fitz-Gerald said investors should still be looking at the yellow metal. “No investor today can afford to be without gold – gold is not necessarily an inflation protector like everybody thinks it is but definitely correlated to interest rates,” he says. Talking on the looming Fed rate hikes, Fitz-Gerald said he thinks the central bank may have ulterior motives to push up rates. “The Fed wants desperately to raise rates not because there's inflation but in the event they have to do QE4,” he noted. “That way they can lower 'em again and juice markets.” Kitco News, September 1, 2015.
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