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Gold has rebounded on Friday, up 0.56% since 2:00 pm EST, while equities indices are falling. Investors should not think, however, that gold is decoupling from danger possessions based upon one trading session, stated Peter Hug, worldwide trading director of Kitco Metals.
Hug recommends investors to stay flat entering into the November 3 election, while capitalists must not be liquidating their positions now and focus on the lasting fundamentals.
0:00 – Gold price activity and also trading
4:30 – Monetary policy
9:00 – Gold returning as safe house?
10:24 – UNITED STATE buck
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Gold rebounds, but should traders stay bullish? Peter Hug talks strategy
Gold has rebounded on Friday, up 0.56% as of 2:00 pm EST, while equities indices are falling. Traders should not assume, however, that gold is decoupling from risk assets based on one trading session, said Peter Hug, global trading director of Kitco Metals.
Hug advises traders to stay flat going into the November 3 election, while investors should not be liquidating their positions now and focus on the long-term fundamentals.
0:00 - Gold price action and trading
4:30 - Monetary policy
9:00 - Gold returning as safe haven?
10:24 - U.S. dollar
__________________________________________________________________
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.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
