Gold Mid-Year Outlook – The Impact of Rates and Inflation – SSGA – 6.7.21

Summary:

Now On Demand. Despite the ongoing economic recovery due to vaccinations and accommodative fiscal and monetary measures, signs of accelerating inflation and rising rates have placed markets and investors on edge. Gold has seen a significant rebound in Q2 but will it continue? Join Juan Carlos Artigas, Global Head of Research, World Gold Council, and George Milling-Stanley, Chief Gold Strategist, State Street Global Advisors, as they discuss their outlook for the rest of 2021 and provide insights on:

• How gold investors should factor in the impact of rising rates and inflation
• The effects of unprecedented fiscal and monetary policy on gold
• The pandemic and how it has shaped current gold supply and demand

Speakers:

George Milling-Stanley is Chief Gold Strategist with State Street Global Advisors. He joined SSGA as a Vice President and Head of Gold Strategy in November 2014. Before joining SSGA, George ran the independent consultancy George Milling-Stanley on Gold, LLC. He retired from the World Gold Council in 2011 after a 15-year career there. Most recently he had been responsible for all programs involving central banks, governments, and regulatory authorities. Before that, he was a key member of the small team that pioneered the development of gold-backed Exchange Traded Funds. His earlier career included six years on the precious metals trading desk of Lehman Brothers. Previously he worked for Consolidated Gold Fields in London, and before that spent 10 years as a reporter and columnist with the Financial Times. An acknowledged authority on all aspects of the gold business, George Milling-Stanley is a regular speaker at international conferences.

Juan Carlos Artigas joined the World Gold Council (WGC) in 2009 and is the Global Head of Research. He and his team focus on developing timely insights on the gold market including drivers of demand, supply, and performance as well as key attributes of gold as an investment and its role in investor portfolios. During his tenure, Juan Carlos has reshaped the organization’s approach to research through robust and comprehensive financial analysis incorporating findings from gold physical and derivatives markets and their link to macroeconomic and geopolitical dynamics. This perspective has informed the development of WGC’s Gold Valuation Framework, an academically validated methodology for understanding gold performance. Juan Carlos holds a BS in Actuarial Sciences from ITAM (Mexico) and an MBA and MS in Statistics from the University of Chicago. He was also a candidate for Doctor of Philosophy in Econometrics and Statistics from the University of Chicago.

Kelly is a Managing Director, and the Head of Independent Wealth Management for State Street Global Advisors. Kelly and her team focus on the distribution of SPDR ETFs to the Registered Investment Advisor and Independent Wealth Managers. In addition to supporting the Advisor community, Kelly and her team also work closely with the custodians and Home Offices that support the Advisor community. Kelly has extensive experience working with wealth management divisions at the largest banks, brokerage firms and Independent RIAs across the United States. She has held a series of leadership positions that deliver the best of SSGA’s investment expertise and thought leadership to Advisors for the benefit of their clients. Kelly received her Bachelor of Arts degree from Boston College. She earned the Certified Private Wealth Advisor (CPWA) designation from the University of Chicago. Kelly holds the FINRA Series 7, 66 & 24 licenses.