Gold price dips to attract new buyers - RBC Wealth Management
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!
Larger gold prices dips will attract new buyers to the precious metals space, especially with the U.S. economy beating expectations and adding 128,000 new positions in October, says RBC Wealth Management managing director George Gero. “Gold continues to have buyers on larger gold dips, which are expected now with good jobs numbers adding 128,000 vs 75,000 expected,” Gero writes. There are still a lot of geopolitical tensions that support the gold market, he adds. “Continued myriad of worries plague investors globally. Turkey, Argentina, Chile, Middle East, Euro Zone, Brexit and more U.S. politics to name some.”
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.