Gold is off to a great start in 2019, and we will likely see continued momentum, according to Will Rhind, CEO of GraniteShares.
"We've seen the worst start to the year for the Bloomberg Dollar Index on record, so the dollar really taking some hits, and that has been a good thing for gold," Rhind told Kitco News.
On the current political situation in the U.S., Rhind said that the current government shutdown does not have a material impact on markets.
"I think again, the government shutdown, probably hasn't done that much at this stage. I think that if you think that when gold made an all-time high, there were concerns that the shutdown [had] some implications about an actual default on the U.S. debt, which would obviously have be a significant event," he said. "For now, I think the shutdown is something that's not really going to affect the gold price at this stage."
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This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.