Business | Gold price matching rise in stock markets: Capital Link CEO McGonegal
Capital Link International CEO Brett McGonegal on CNBC's Squawk Box. Photo: CNBC screen grab
Capital Link International CEO Brett McGonegal on CNBC's Squawk Box. Photo: CNBC screen grab

Gold price matching rise in stock markets: Capital Link CEO McGonegal

February 21, 2017 11:08 AM (UTC+8)

Gold is not acting like a traditional hedge against equity markets or inflation, says Capital Link International CEO Brett McGonegal.

The price of gold is currently pacing the rise in stock markets, he said. “If you’re looking to hedge, I’m not sure gold is the way to do it,” he said on CNBC’s Squawk Box show. McGonegal is also a principal investor in Asia Times.

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