Gold investment demand is not going anywhere anytime soon – World Gold Council’s Reade

The gold market has been hit with significant selling pressure as prices push below psychological support at $1,900; however, one market strategist is not worried about the recent price action.
In an interview with Kitco News, on the sidelines of the virtual Denver Gold Forum, John Reade, chief market strategist for the World Gold Council, said that after gold's run to an all-time high above $2,000 an ounce, a correction at this point would be a healthy move.

Kitco News Survey


Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.