Peter Hug Sets The Stage for Gold Prices, Silver And Platinum

Gold’s decline has not seen the end yet, especially in the short-term, said Peter Hug, global trading director of Kitco Metals.
“If you’re going to ask me if there’s potentially further downside in this market, from a technical perspective I would have to say yes,” Hug told Kitco News.
On a longer-term horizon, Hug remains constructive on gold on the back of a weakening global economy, especially in the second half or 2019 when he expects the dollar to weaken.
“I think from an investor’s perspective, holding a portion of your portfolio in gold certainly makes sense and I would not liquidate that portion,” he said. (show less)

Gold’s decline has not seen the end yet, especially in the short-term, said Peter Hug, global trading director of Kitco Metals.
“If you’re going to ask me if there’s potentially further downside in this market, from a technical perspective I would have to say yes,” Hug told Kitco News.
On a longer-term horizon, Hug remains constructive on gold on the back of a weakening global economy, especially in the second half or 2019 when he expects the dollar to ... (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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