Gold is just started to test key resistance levels and has plenty of time to climb to the higher bounds of its range, said George Milling-Stanley, head of gold strategy, State Street Global Advisors.
“It has been the smart thing for speculators to sell whenever gold was above $1,350 for the last six years now, since the spring of 2013,” Milling-Stanley told Kitco News.
Inside ETFs Canada 2019Join 300+ institutional investors, hedge funds, financial advisors, DFMs, fund selectors, academics and more at Canada’s premier ETF event.
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.