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‘Rocks beat stocks’ gold is still on its way to $1,900 – Bloomberg Intelligence

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The gold market has actually seen consistent marketing pressure because striking a 7.5 year high last week, however one expert said that financiers require to maintain their eye on the bigger-long term image.

Mike McGlone, senior commodity planner at Bloomberg Intelligence, stated that gold is simply starting its bull rally and capitalists shouldn't get caught up in the short-term cost activity, "missing the forest for the trees."
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‘Rocks beat stocks’ gold is still on its way to $1,900 – Bloomberg Intelligence

The gold market has seen consistent selling pressure since hitting a 7.5 year high last week, but one analyst said that investors need to keep their eye on the bigger-long term picture.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that gold is just starting its bull rally and investors shouldn't get caught up in the short-term price action, "missing the forest for the trees."
__________________________________________________________________
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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