Gold Could Climb Above $1,400 If Unrest Continues: For Pete’s Sake

Mar 12, 2014

Kitco News is back in studio with Peter Hug speaking about gold’s big price move on Wednesday and what it has to do with the unrest in Ukraine and Russia. “Most of the gold move is directly related to the Ukraine,” Hug says. “You take Ukraine out of the picture, this market was looking heavy.” Although Hug says it is difficult being short the gold market given the geopolitical risks, he says there are no fundamentals supporting gold prices at these levels. “Overall the market doesn’t look constructive on gold, but that certainly doesn't mean we can't see gold well north of $1,400 if this situation gets considerably worse in Europe.” Tune in now to hear more from Peter on silver, as well as the PGMs. Kitco News, March 12, 2014. (show less)

Kitco News is back in studio with Peter Hug speaking about gold’s big price move on Wednesday and what it has to do with the unrest in Ukraine and Russia. “Most of the gold move is directly related to the Ukraine,” Hug says. “You take Ukraine out of the picture, this market was looking heavy.” Although Hug says it is difficult being short the gold market given the geopolitical risks, he says there are no fundamentals supporting gold prices at these levels. “Overall ... (read more)

For Pete's Sake!

For Pete's Sake!
From the latest market-making swings to the forward-looking important events that could impact the markets, For Pete's Sake with Peter Hug breaks down the news. He reviews the latest information coming out of North America, Europe and Asia to help you decide how to play the week. Tune in every week to get his key price ranges for gold and find out why he hates to talk about the Fed.

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