Gold’s rally isn’t over yet by any means, as one analyst sees the upward momentum continuing.
Phil Streible, RJO Futures, told Kitco News that prices for the yellow metal may still see much higher levels from here. “We should continue to see that break through $1,400 and I anticipate that a lot of the short sellers will end up giving up at that level.
So, no telling how high we can go from here, it’s kind of got that perfect storm going on with increasing geopolitical risks and then also a dovish Fed,” Streible said.
- Source, Kitco News
