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Solid support in the market because of inflation issues and geopolitical unpredictability will help push gold prices via $1,800 an ounce, according to one market analyst.
In an interview with Kitco Information, Jasper Lawler, head of research study at London Resources Group, claimed that he thinks gold rates will certainly continue to "meander greater" to $1,850 an ounce prior to investors start looking at as well as considering significant revenue taking.
" There's no a large driver to offer gold," he said. "You still require it for these underlying factors as a hedge looking towards rising cost of living and political uncertainty."
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There is no reason to sell gold as prices can move to $1,850 – London Capital Group
Solid support in the marketplace due to inflation concerns and geopolitical uncertainty will help push gold prices through $1,800 an ounce, according to one market analyst.
In an interview with Kitco News, Jasper Lawler, head of research at London Capital Group, said that he thinks gold prices will continue to “meander higher” to $1,850 an ounce before investors start looking at and thinking about significant profit taking.
“There's no a big catalyst to sell gold,” he said. “You still need it for these underlying reasons as a hedge looking towards inflation and political uncertainty.”
__________________________________________________________________
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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