It is very unlikely, provided present macroeconomic conditions, for gold to drop back to $1,200 an ounce, the lows in 2015, stated Kai Hoffmann, Chief Executive Officer of Soar Financial Group.
" Generally, we're still in an upward fad for gold, it would take a miracle, as I stated, unicorns strolling on the street," Hoffmann claimed, "$ 1,200 gold, I do not view as sensible, based upon the macroeconomic variables as well as whatever that is occurring today."
__________________________________________________________________
Kitco News is the world's # 1 resource of metals market details. Our videos include interviews with prominent industry numbers to bring you market-affecting insights, with the objective helpful people make notified investment decisions.
Subscribe to our network to stay up to day on the current insights relocating the metals markets.
For even more breaking information, visit
Follow us on social networks:
Facebook –
Twitter –
StockTwits –
Real-time gold price and graphes:
Live silver price and also graphes:
Do not neglect to register for Kitco News' Weekly Summary– appears every Friday to wrap up the hottest stories & video clips of the week:
Sign up with the discussion @ The Kitco Forums as well as belong to the premier on the internet neighborhood for rare-earth elements capitalists:
Disclaimer: Videos are not trading advice as well as the sights revealed may not reflect those of Kitco Metals Inc
.