Hold 15% of your portfolio in gold as prices push to $1,850 – London Capital Group

Solid support in the marketplace due to inflation concerns and geopolitical uncertainty will help push gold prices through $1,800 an ounce, according to one market analyst. In an interview with Kitco News, Jasper Lawler, head of research at London Capital Group, said that he thinks gold prices will continue to “meander higher” to $1,850 an ounce before investors start looking at and thinking about significant profit taking. “There's no a big catalyst to sell gold,” he said. “You still need it for these underlying reasons as a hedge looking towards inflation and political uncertainty.” (show less)

Solid support in the marketplace due to inflation concerns and geopolitical uncertainty will help push gold prices through $1,800 an ounce, according to one market analyst. In an interview with Kitco News, Jasper Lawler, head of research at London Capital Group, said that he thinks gold prices will continue to “meander higher” to $1,850 an ounce before investors start looking at and thinking about significant profit taking. “There's no a big catalyst to sell gold,” ... (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.

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