MediaMonitor: State Street in the Japanese Media

Transcription

1 MediaMonitor: in the Japanese Media Marketing & Communications, Tokyo Friday June 08, 2018 Mention Media Descriptor s The Nikkei, P20. 18/06/08 In interview, SSGA's George Milling-Stanley explains that gold prices have been firm even with U.S. interest rate hikes Bloomberg News (Japan). SSGA's George Milling-Stanley predicts gold could hit $1,400/ounce, driven by emerging countries' weakening currencies Nikkei Quick. Euro attracts buying again amid expectations ECB's quantitative easing will end; 's Bart Wakabayashi quoted Total Items Listed: 3 Page 1

2 MediaMonitor: in the Japanese Media Marketing & Communications, Tokyo Friday June 08, 2018 Mention Media Descriptor The Nikkei, P20. 18/06/08 Bloomberg News (Japan). Nikkei Quick. In interview, SSGA's George Milling-Stanley explains that gold prices have been firm even with U.S. interest rate hikes The Nikkei interviewed George Milling-Stanley, Vice President and Head of Gold Strategy, Global Advisors, and asked if a potential acceleration in the pace of interest rate hikes in the U.S. will negatively affect gold prices. Milling-Stanley explained that gold prices rose by 13.5% in 2017, when the U.S. Federal Reserve hiked its policy interest rate three times, and gold prices have risen 30% since 2015, a period in which the rate has been lifted six times in total. He says inflation concerns will also be a factor supporting gold prices. SSGA's George Milling-Stanley predicts gold could hit $1,400/ounce, driven by emerging countries' weakening currencies In an interview in Tokyo on June 6, George Milling-Stanley, Vice President and Head of Gold Strategy, Global Advisors, said the price of gold could reach the $1,400/ounce level this year as investors in emerging countries where currencies are weakening invest in the metal in an effort to prevent their assets from eroding. Milling-Stanley said that a large number of risks remain worldwide, and the environment justifies a rise in the price of gold. SSGA manages SPDR Gold Shares, the world's largest gold exchange-traded fund. Euro attracts buying again amid expectations ECB's quantitative easing will end; 's Bart Wakabayashi quoted Momentum for buying the euro against the dollar and the yen is building on the foreign exchange market again, triggered by a series of positive remarks by European Central Bank Governing Council members regarding normalizing monetary policy. Just as Bart Wakabayashi, Branch Manager at Bank and Trust Company, Tokyo Branch, points out that everyone knows the ECB's asset purchases will not continue forever, increasingly more are believing that it is a given that the ECB will wind up its monetary easing by the end of the year. Page 2

3 The Nikkei, P20. June 08, 2018 National Business Daily. Circ: 2,723,194 In interview, SSGA's George Milling-Stanley explains that gold prices have been firm even with U.S. interest rate hikes Page 3

4 Bloomberg News (Japan). June 07, 2018 Finance Wire Service. Circ: 2,000,000 SSGA's George Milling-Stanley predicts gold could hit $1,400/ounce, driven by emerging countries' weakening currencies Page 4

5 Nikkei Quick. June 07, 2018 Business Wire Service Euro attracts buying again amid expectations ECB's quantitative easing will end; 's Bart Wakabayashi quoted Page 5