News Bites
Why gold will be 'left behind' in 2021 compared to these metals - Kai Hoffmann
(Kitco News) - Opportunities lie for base metals to outperform gold this year, said Kai Hoffmann, CEO of Soar Financial Group.
“With Biden moving into the White House, the Green initiative has been taking a lot of the news, so nickel, cobalt, and uranium, to a degree,” Hoffmann said. “Gold might be left behind a little bit in terms of the attractiveness [relative to] the other commodities.”
Investors are starting to show more interest in base metals following a recent rise in their prices, as compared to gold, which has found resistance at the $1,850 an ounce level.
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.
Latest Articles
Too early to say when COVID lockdown will end, UK PM Johnson says
Jan 21, 2021 09:25AMBiden launches COVID-19 initiatives on first full day in White House
Jan 21, 2021 09:21AMGold price remain firm following strong U.S. housing construction data
Jan 21, 2021 08:50AMGold is holding its own following strong rise in Philly Fed Survey
Jan 21, 2021 08:43AMGold prices holding steady following drop in U.S. weekly jobless claims
Jan 21, 2021 08:37AMGold at key resistance
Jan 21, 2021 08:05AMThere's a new sheriff in town
Jan 20, 2021 06:38PMCPM Group Trade Signal - January 20, 2021
Jan 20, 2021 06:31PMWednesday's Charts for Gold, Silver and Platinum and Palladium, Jan. 20
Jan 20, 2021 12:18PMWhere are the Stops? Wednesday, Jan. 20, Gold and Silver
Jan 20, 2021 08:29AM  |
