Gold costs are well supported around $1,800 an ounce as reserve banks and governments pump liquidity into financial markets, providing much needed life-support for the international economy struck by the COVID-19 pandemic, this according to Kristina Hooper, chief financial investment officer at Invesco.
Nevertheless, investors must also anticipate to see some wild volatility this year, Hooper told Kitco News.
Hooper stated that she sees the possibility for gold to sell a wild variety between $1,500 and $2,000 an ounce this year. She added that so much will certainly depend on how the international economic climate remains to react to the coronavirus. Nonetheless, she also stated that her base instance situation is for gold to hold about current levels.
__________________________________________________________________
Kitco Information is the globe's # 1 resource of steels market info. Our video clips include interviews with prominent industry figures to bring you market-affecting insights, with the objective helpful people make educated financial investment decisions.
Sign up for our channel to stay up to date on the most up to date understandings relocating the steels markets.
For more breaking news, go to
Follow us on social media:
Facebook –
Twitter –
Google+:.
StockTwits -.
Live gold cost and graphes:.
Live silver price and graphes:.
Don't fail to remember to enroll in Kitco News' Weekly Summary– appears every Friday to wrap up the hottest tales & video clips of the week:.
Sign up with the conversation @ The Kitco Forums and belong to the premier online community for rare-earth elements investors:.
Disclaimer: Videos are not trading advice and also the views shared might not reflect those of Kitco Metals Inc
.
