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Gold and Silver Seen as Long-Term Bets by Monkam

Bloomberg Markets •
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Frank Monkam of Buffalo Bayou Commodities views precious metals as a multi-year investment opportunity. Speaking on Bloomberg Television, he emphasized that current market conditions support sustained demand for gold and silver.

Investors are rotating into hard assets amid persistent inflation concerns and monetary policy uncertainty. Gold prices have held above $2,300 per ounce this year, while silver has rallied over 10%, driven by industrial and investment demand.

Monkam expects central bank purchases and ETF inflows to maintain upward pressure on prices. Traders should watch upcoming U.S. inflation data and Federal Reserve signals for near-term direction in the commodities market.

Buffalo Bayou's outlook suggests allocations to precious metals can outperform during volatile equity periods. Portfolio managers may increase exposure through futures or physical holdings if momentum continues into year-end.