Gold Price Taking A Breather Or Something Bigger Lurking?

After hitting highs last seen six years ago, is the gold market taking a pause?
The precious metal declined nearly 1% to $1,409 after hitting highs last seen in 2013. "In my 45 years in the business, I have never been more uncertain. As readers of my commentary know, I have been very constructive on gold since the $1,280 low some months ago. I suggested that by summer the dollar would come under pressure because I was of the opinion the Fed would not raise rates in 2019, and were more likely to lower rates beginning in the summer," Peter Hug, global trading director said on Wednesday. (show less)

After hitting highs last seen six years ago, is the gold market taking a pause?
The precious metal declined nearly 1% to $1,409 after hitting highs last seen in 2013. "In my 45 years in the business, I have never been more uncertain. As readers of my commentary know, I have been very constructive on gold since the $1,280 low some months ago. I suggested that by summer the dollar would come under pressure because I was of the opinion the Fed would not raise rates ... (read more)

Kitco NEWS

Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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.