Macro Trader: June I and Bloomberg Markets

macro trader: Here's what the macro trader told Bloomberg Markets in an interview on June 12, according to Market Watch. I think one of the best trades is gonna be gold. The famed hedge-fund investor made a notable call last week, citing a cocktail of a dovish Federal Reserve and heightened geopolitical tensions as a perfect time to buy bullion and stocks. If I had to pick my favorite bet for the next 12 to 24 months, it'd probably be gold, he said. Combined with dovish rhetoric from other central banks, signaling that further stimulus could be needed, about a decade removed from the 2008 financial crisis, the intensifying tensions between Iran and the Trump administration added to the search for havens for investors. Fast forward to June 21, and gold prices for August delivery GCQ19, 0.44% the most active contract on Comex, was trading at 1,400, its highest level since 2013, as investors continued to buy the asset after the Federal Reserve on Wednesday shifted away from its patient stance on monetary policy and signaled that a rate cut could warranted if economic conditions worsen amid the protracted trade tussle between the U.S. and China that has shaken global markets. (news.financializer.com). As reported in the news.