Gold Consolidation Ahead, May Move Prices Higher - CPM Group

“Commodities Confidential” is back and Kitco News speaks with CPM’s senior commodity analyst Rohit Savant to see where he expects to see gold prices at the tail-end of 2014. Savant expects gold to get support from China and India in the coming months as the festival season is set to begin. “I think one of the main factors that would help gold prices over the next few months is really strengthening in gold fabrication demand,” he says. “You’re probably going to see support from these two countries later in the year.” He also comments on gold’s recent weakness and says investors may be coming back into the market following a ‘consolidation period.’ “I think that [a period of consolidation] would be ideal for gold because that’s what would bring back investors into the market and potentially see higher prices going forward.” Tune in now to get an up close & personal look into the precious metals markets with one of the leading research firms in our industry. Kitco News, September 9, 2014. (show less)

“Commodities Confidential” is back and Kitco News speaks with CPM’s senior commodity analyst Rohit Savant to see where he expects to see gold prices at the tail-end of 2014. Savant expects gold to get support from China and India in the coming months as the festival season is set to begin. “I think one of the main factors that would help gold prices over the next few months is really strengthening in gold fabrication demand,” he says. “You’re probably going to see ... (read more)

Commodities Confidential
Commodities Confidential

CPM Group analysts examine commodity outlooks, price directions and other hot topics. The show provides viewers with coveted numbers and figures from CPM's premium weekly research reports, which are usually available exclusively to the firm’s paying customers. Get the inside scoop on Commodities Confidential.

 

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