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 will remain sensitive to further vaccine news, but that doesn’t mean the rally is over just yet, according to one Dutch bank.
In a report released Wednesday, Georgette Boele, currency and precious metals strategist at ABN AMRO, said that gold’s direction could all depend on how expectations for a potential vaccine could impact economic growth going forward.
The comments come as gold prices continue to struggle below $1,900 an ounce. December gold futures last traded at $1,876.30 an ounce, down 0.47% on the day.
Boele noted that since 2019 gold has been an attractive safe-haven asset, protecting investors in case of a collapse of the financial system as well as a hedge against rising inflation; however, […]
November 19, 2020 (updated November 19, 2020) Published by StockMan