coinspectator - 2/11/2019 5:41:02 PM - GMT (+0 )
The comments come after gold has fallen from last month’s eight-month high. April gold futures last traded at $1,312.20 an ounce, down 0.47% on the day. He explained that one significant difference between the current market environment and 2018, was that gold faced strong headwinds from the U.S. dollar.
He also noted that since the start of the year, gold has kept pace with equity markets, which is something that didn’t happen last year. “There is an acknowledgment that we are nearing the end of the business cycle and we can expect to see lower economic growth and that will be an important driver for gold.” “That is a function of investors looking to protect their portfolios in an environment of low growth and the potential of further disappointment in equity performance,” he said. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full