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The gold market has actually been hit with substantial selling stress as rates press listed below psychological support at $1,900 an ounce; nonetheless, one market planner is not fretted about the current cost action.
In an interview with Kitco News, on the sidelines of the virtual Denver Gold Discussion forum, John Reade, chief market strategist for the Globe Gold Council, claimed that after gold's run to an all-time high above $2,000 an ounce, a modification now would certainly be a healthy and balanced relocation.
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Gold investor demand can still drive prices higher - World Gold Council’s Reade
The gold market has been hit with significant selling pressure as prices push below psychological support at $1,900 an ounce; however, one market strategist is not worried about the recent price action.
In an interview with Kitco News, on the sidelines of the virtual Denver Gold Forum, John Reade, chief market strategist for the World Gold Council, said that after gold's run to an all-time high above $2,000 an ounce, a correction at this point would be a healthy move.
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Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
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