from Kitco NEWS
U.S. equity markets are pricing in perfection when it comes to a potential economic recovery from a global economic meltdown. However, according to one market analyst that optimism could be misplaced as there is still a lot unknown about the virus.
In an interview with Kitco News, Jasper Lawler, head of research at the London Capital Group, said that markets are ignoring economic fundamentals and instead are being driven by the massive liquidity injections from the Federal Reserve and the U.S. Federal Government. He added that in this environment, it makes sense to hold some gold.
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