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Gold prices are holding vital support above $1,800 an ounce as well as although there is possibility for rates to go higher, one market expert is cautioning financiers not to chase after the market.
In an interview with Kitco Information, Phillip Streible, primary market planner at Blue Line Futures, stated that in the current environment, investors looking to get into the gold market need to be extra critical to discover the best entrance factor.
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Look to buy gold below $1,800 and ride it to new highs - Blue Line Futures
Gold prices are holding critical support above $1,800 an ounce and although there is potential for prices to go higher, one market analyst is warning investors not to chase the market.
In an interview with Kitco News, Phillip Streible, chief market strategist at Blue Line Futures, said that in the current environment, investors looking to get into the gold market need to be more discerning to find the right entry point.
__________________________________________________________________
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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