Gold prices have hit an important crossroads, with macroeconomic pressures positioned to pull the yellow steel in either instructions, this according to Peter Hug, Global Trading Director of Kitco Metals.
" I assume in the short-term, gold is a tough metal to call at these levels now. I don't assume the Fed is going to go down prices in the short-term but I do believe that there might be various other risks to the Fed policy which would obviously be if the U.S. stock exchange started to sell off," Hug informed Kitco News.
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