Gold prices to continue hot streak with or without Iran turmoil

Gold’s solid fundamentals are set to see prices head higher, and geopolitical tensions in the Middle East are simply “green shoot” events that offer traders and investors a short-term opportunity to take gains, this according to Phil Streible, chief market strategist of Blue Line Futures.
“I think the underlying fundamentals are still good for gold. Forget the geopolitical stuff, those are where your green shoots are. That’s where if you’re long gold, the market shoots up in that kind of news, you trail a stop, you take some off, those are just gifts that are handed to you,” Streible told Kitco News. (show less)

Gold’s solid fundamentals are set to see prices head higher, and geopolitical tensions in the Middle East are simply “green shoot” events that offer traders and investors a short-term opportunity to take gains, this according to Phil Streible, chief market strategist of Blue Line Futures.
“I think the underlying fundamentals are still good for gold. Forget the geopolitical stuff, those are where your green shoots are. That’s where if you’re long gold, the ... (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.