The price of gold may have stalled in recent weeks with fears that loose
monetary policy at the Federal Reserve could come to an end, but one
analyst told CNBC that the precious metal is set for a good rally this
year regardless of whether inflation occurs or not.
"Everyone is always bearish at the lows, that's the time to buy it, we're going to get a good rally this year I think," Harry Colvin director and senior economist at Longview Economics told CNBC Monday.
Gold - considered a hedge against inflation - has rallied 400 percent over the last decade and was up 9 percent year-to-date until the Fed's December 12 meeting.
The Federal Reserve announced its latest QE (quantitative easing) program at this December meeting, bringing the total to $85 billion a month.
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"Everyone is always bearish at the lows, that's the time to buy it, we're going to get a good rally this year I think," Harry Colvin director and senior economist at Longview Economics told CNBC Monday.
Gold - considered a hedge against inflation - has rallied 400 percent over the last decade and was up 9 percent year-to-date until the Fed's December 12 meeting.
The Federal Reserve announced its latest QE (quantitative easing) program at this December meeting, bringing the total to $85 billion a month.
Read More