Could a gold price correction be imminent? Why sustained momentum may not happen
Editor's Note: Get caught up in
minutes with our speedy summary of today's must-read news stories and expert
opinions that moved the precious metals and financial markets. Sign up here!
(Kitco News) - Monetary policy remains the driving force behind more momentum in precious metals, but gold prices may not see linear growth, said Ian Ball, CEO of Abitibi Royalties.
“I think gold is going to go higher, but it’s not going to go in a straight line. I wouldn’t be surprised if we retest $1,400 or lower because you have to consolidate, but what’s going to be the driver is going to be U.S. monetary policy,” Ball told Kitco News.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.