logo-loader
viewProactive Group

Gold 'appears to hit temporary ceiling' as bruised investors book gains

Mining Capital's Alastair Ford says it's been interesting to watch the gold price over the last week or so as the coronavirus crisis has expanded.

''We've seen a lot of the traditional type of action that we would expect in terms of investors buying into gold as a safe haven but every time it's tested the $1700 mark, the gold price has fallen back''.

''What's really happening is investors across the board are booking huge losses in markets around the world and every time gold rises to $1700 they're booking gains on that to offset their losses elsewhere''.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

CytoDyn continues to works on licensing deals as FDA continues its review on...

CytoDyn (OTCQB: CYDY) President and Chief Executive Officer Nader Pourhassan joined Steve Darling from Proactive to discuss a number of issues including the very latest on their clinical trials for a COVID-19 treatment. Pourhassan also told Proactive that they are in discussions with numerous...

2 hours, 43 minutes ago

2 min read