Q: Hi there,
Do you think the gold rally is starting to falter or do you believe the current down leg is a consolidation and gold/gold stock prices will resume uptrend?
Thanks!
Do you think the gold rally is starting to falter or do you believe the current down leg is a consolidation and gold/gold stock prices will resume uptrend?
Thanks!
5i Research Answer:
We doubt it is over, especially after the US rating downgrade on Friday. Some of the 'tariff/fear' trade has been taken out of gold, but other issues and concerns of course remain. Investors we think have more faith these days with gold as a store of value against declining currencies.