The gold market has actually been hit with substantial selling stress as rates press listed below psychological support at $1,900 an ounce; nonetheless, one market planner is not fretted about the current cost action.
In an interview with Kitco News, on the sidelines of the virtual Denver Gold Discussion forum, John Reade, chief market strategist for the Globe Gold Council, claimed that after gold's run to an all-time high above $2,000 an ounce, a modification now would certainly be a healthy and balanced relocation.
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