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.