There are still scenarios where gold price can push back above $2,000 - Franklin Templeton

There are still scenarios where gold price can push back above $2,000 – Franklin Templeton

Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – The gold market continues to struggle below $1,900 an ounce as investor sentiment is weight down by further news of potential vaccines for the COVID-19 pandemic; however, one fund manager doesn’t think this will keep gold prices down for very long.

In a recent telephone interview with Kitco News, Steve Land, vice-president and portfolio manager for Franklin Templeton’s Franklin Gold and Precious Metals Fund, said that although the vaccine is good for economic growth, governments and central banks still have to deal with the economic devastation that the COVID-19 pandemic has already created.

"We can now see a path forward, but there are still a lot of questions unanswered," he said. "There’s still … a lot of work […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet