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Why is gold down more than $250 from its summer document highs and does it have a lot more to lose? Today's market run-through will have a look at why analysts are saying that the bull run is actually not over.
This week gold went down to $1,800. There were a couple of triggers behind that action, consisting of the rally in the stock exchange, some better-than-expected financial data, and positive vaccination information.
Yet most of analysts Kitco Information talked with this week claimed that they see gold stabilizing around the $1,800 level as well as project higher prices next year.
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Gold is off more than $250 from August’s record highs, but here’s why the bull run is not over
Why is gold down more than $250 from its summer record highs and does it have more to lose? This week’s market rundown will take a look at why analysts are saying that the bull run is actually not over.
This week gold dropped to $1,800. There were a few triggers behind that move, including the rally in the stock market, some better-than-expected economic data, and positive vaccine news.
But the majority of analysts Kitco News spoke to this week said that they see gold stabilizing around the $1,800 level and project higher prices next year.
__________________________________________________________________
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.
For more breaking news, visit http://www.kitco.com/
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
