Make Kitco Your Homepage
Peter Hug

Peter Hug

Director, Global Trading, Kitco Metals

Follow Author:

Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has acquired extensive experience in the wholesale markets and international asset diversification. A frequent speaker at precious metals conferences and in the financial media, he is one of the handful of experts who have succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980s. As the Director of Kitco's Precious Metals Division, Peter develops newer and better investment options for Kitco customers. 1 877 963-NEWS

read full bio ▼

Gold (XAU/USD), silver (XAG/USD) latest - haven bid, lower US Bond Yields Fuel Move Higher

(Kitco News) -

A spooked Fed

(Kitco commentary) - We have been telling our clients, who were concerned about the drop in metals against the back-drop of a collapsing global equity space, that the reaction was a normal pattern.

Gold and precious metals as part of a balanced investment portfolio

(Kitco News) - Investors that held the belief that metals were a valuable asset diversification tool did well in 2019.

Peter Hug: when gold goes above $1550, investors will rush in for the next leg higher

(Kitco commentary) - Peter feels that a slowdown is coming but that there won�¢??t be an official recession in 2020, perhaps 2021. The overall equity markets will likely be flat next year because of the Fed�¢??s actions in keeping up the markets.

Gold bounces

(Kitco commentary) - Investors following my diatribes for the past few weeks bombarded me with amazing emails when I turned negative the gold market at $1,560 and silver at $19.40.

Gold and silver prices get slammed – is it over?

(Kitco News) - Gold is down some $30 from the high today and silver at one point gave back almost .45 from the intra-day high. So is the bull market over?

The Fed gives the green light to gold rally

(Kitco commentary) - Fed Chairman Powell indicated the Fed would do what was necessary to keep the economy rolling, adding new momentum to gold prices. Reading between the lines, he said: "We are your back-stop and will create whatever liquidity is needed."

Gold Tests A Major Resistance Line

(Kitco commentary) - Coming back from a week off, it was noted that once gold broke through our $1,420 level, there was little in the way of resistance to hold back last weekâ??s surge.

Gold Price: After The Fed

(Kitco commentary) - We saw a classic sell the news event yesterday. The market, expecting more than the 25 bps priced into a Fed cut, was disappointed and the metals took it on the chin.

Gold Market’s Critical Levels To Watch

(Kitco News) - Gold has been a somewhat difficult market to trade over the past two weeks, but our strategy of selling into strength around the $1,422 area continues to work.