Inside these posts: James McDonald

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Northern Trust expects gold to keep climbing

Northern Trust expects gold to continue climbing until interest rates rise and developed economies get their budget deficits under control, the firm’s chief investment strategist said on Monday.

The U.S. bank, which has more than $600 billion in assets, also raised its asset allocation for gold by five times to 5 percent at its last review in September, James McDonald, Northern Trust’s chief investment strategist said in an interview. Get the full story »