A passive Fed, lower oil and continued flux in the global equity markets continue to be price supportive for gold says Kitco Metals’ Global Trading Director, Peter Hug. “The target is the $1,122 area, where a break will create upside momentum,” he explains to Kitco News. “I think gold moves either way. If you have oil and equity markets collapsing – gold picks up a safe haven bid here. If you don’t have a collapse you can make the case that the economy is on the mend and with higher oil, you can then factor in inflation creeping back in the picture which is also supportive for gold,” explains Hug. He adds that having deflationary and inflationary scenarios being price positive for gold is very “unusual” but adds, “I think gold will catch that bid.” Kitco News, January 26, 2016.
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2 Comments
really great information. these days precious metal and Silver is more and more costly. For individuals live paycheck to paycheck similar to us, ( Many of us never possibly even have got a work) , all of us know the tornado is coming but we simply just do not know just how to own gold to protect ourself. If there may be some other video, make sure you create a video clip on exactly how make income to get gold and silver. That is just what most people are actually need. Thumb up if you argee !!
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This ain't anything. Wake me up if gold ever breaks $1600. Funny how happy we are with not even $100 move off $1050, lmao.