News Bites
Could a gold price correction be imminent? Why sustained momentum may not happen
(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.
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