The Lure of Gold and Silver in an Uncertain Economy, Expert Explains
As the dollar's safe haven status weakens amid US policy uncertainty, investors search for alternatives.
Gold and silver prices have reached record highs due to unstable global issues. For reporters looking for an expert to discuss this issue,聽 Maxwell School of Citizenship and Public Affairs Professor , a senior fellow at the Atlantic Council’s聽 is available to speak to the media.
Professor McDowell studies the international political economy and had this reaction to the news:
- “Rising gold and silver prices reflect a growing sense of unease in markets, much of it stemming from uncertainty about U.S. foreign and domestic policy. The dollar has traditionally functioned as the safe haven currency for investors when uncertainty and risks are rising. However, the U.S. is increasingly seen as a primary source of uncertainty and risk, driven by its aggressive and unpredictable foreign policy, its fiscal profligacy and efforts to politicize U.S. monetary policy,” McDowell says.
- “As a result, the dollar’s appeal as a haven is diminishing. The search for alternatives has led many investors to precious metals like gold and silver, which have historically played central roles in the global monetary system. As gold and silver prices have risen, additional investors have likely jumped on the bandwagon, speculating that prices will continue to increase,” McDowell says.
McDowell is the author of聽“”听补苍诲听“.”
