While the market seemingly features no shortage of headline-driving news, one of the most consequential developments stemmed from the Federal Reserve. In September, the central bank cut its benchmark interest rate by 25 basis points, making good on a widely expected move. Of course, gambits in monetary policy are never free, placing income-focused investors in a particularly difficult position.
One of the primary difficulties is inflation. Alongside the remarkable ascent of the technology sector was one of the oldest — gold. Certainly, the rise of the precious metals complex was no accident. Thanks in large part to persistent inflation, billionaire hedge fund manager Kenneth Griffin remarked that gold could continue to see capital inflows.
