Gold price to break record by year-end; bullion premiums normalizing – Peter Hug

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Gold rates might see 2011 highs of $1,920 an ounce or greater, claimed Peter Hug, international trading director of Kitco Metals, that noted that a full economic recovery won't appear up until later following year.

On the other hand, bullion premiums have stabilized.

Pandemic fears are still far from over, Hug said. In this interview he discusses the risks to equities that still linger in the economy, and also needs to one more modification occur for threat possessions, gold may be taken down with supplies prior to another rally were to happen.
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