Morningstar economist favors TIPS over gold after precious metal’s multi-year rally
AI Summary- Preston Caldwell recommends TIPS instead of gold for investors concerned about inflationary U.S. debt risks.
- Gold fell from $4,685 in August to around $4,400 ahead of the Federal Reserve meeting.
- Rick Kanda cited a 60% rate-hike probability and warned gold could reach the low-$4,000s.