Gold traders look for opportunities to buy below $1,800 an ounce — 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!
(Kitco News) Gold traders are looking for opportunities to buy the yellow metal below the $1,800 an ounce level, says RBC Wealth Management managing director George Gero. “Gold buyers looking at buying opportunities at lower prices again below $1,800 may become active seeing no real changes in global debts growing, continued low interest rates and coming political, economic headlines and WGC gold mid year reports,” he writes. Gero continues to expect gold to rise to $1,850 and for silver to advance to $20 an ounce in the months ahead.
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.