(Kitco News) - With inflation pressures picking up, gold will be an attractive hedge in a portfolio. Still, copper and silver will also be an attractive asset to own, according to one research firm.
In a recent interview with Kitco News, Robert Ryan, chief strategist at BCA Research, said that his firm is bullish on gold in the long-term as the Federal Reserve looks to maintain its ultra-loose monetary policies in the face of rising inflation pressures.
The comments come as gold have been moving steadily higher, pushing above $1,900 an ounce.
The rally in gold comes as copper prices fall from their record highs seen at the start of May. Silver is also seeing relatively weaker prices, weighed down by its industrial component.