Click here to get this article in PDF
The gold market appears to be in a holding pattern around $1,700 an ounce and also it could stay this way for the majority of the year, this according to Ole Hansen, head of product technique at Saxo Financial institution.
Hansen stated that investors have yet to totally recognize the impact reserve banks as well as government activities around the globe will carry monetary markets.
" From a gold financial investment point of view, it's not truly what's taking place today or tomorrow or next month, it's what lies ahead in six to year and beyond," he stated. "We have now, as I claimed, a standstill since there are some negative elements, yet I believe they will certainly discolor prior to the positive aspects do."
__________________________________________________________________
Kitco News is the globe's # 1 resource of metals market info. Our video clips include interviews with popular industry figures to bring you market-affecting insights, with the objective helpful individuals make notified financial investment choices.
Register for our channel to stay up to day on the most recent understandings relocating the steels markets.
For more breaking news, browse through
Follow us on social media:
Facebook –
Twitter –
Google+:.
StockTwits -.
Live gold price and graphes:.
Live silver cost and also charts:.
Do not fail to remember to register for Kitco Information' Weekly Summary– appears every Friday to summarize the hottest tales & videos of the week:.
Join the discussion @ The Kitco Forums and be part of the premier on-line community for rare-earth elements capitalists:.
Disclaimer: Video clips are not trading recommendations as well as the views revealed might not mirror those of Kitco Metals Inc
.
Only a matter of time before gold price explodes higher – Saxo Bank
The gold market appears to be in a holding pattern around $1,700 an ounce and it could stay that way for most of the year, this according to Ole Hansen, head of commodity strategy at Saxo Bank.
Hansen said that investors have yet to fully understand the impact central banks and government actions around the world will have on financial markets.
“From a gold investment perspective, it's not really what's happening today or tomorrow or next month, it’s what lies ahead in six to 12 months and beyond,” he said. “We have right now, as I said, a stalemate because there are some negative factors, but I think they will fade before the positive factors do.”
__________________________________________________________________
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/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
