Gold Rally At Midpoint; Could Move Another 30% Higher – Analyst – YouTube

Kitco NEWS

Gold is benefiting again from safe-haven demand, holding significant support and trading just below three-month highs Tuesday. And, according to one veteran Wall Streeter, the metal could ‘easily’ move another 30% higher. ‘We’re about at the midpoint of what could be a price rally that could stretch for several more months,’ Scotty George, chief market strategist for Alexander Capital, told Kitco News. He added that he would not be surprised to see prices move up another $120. ’The more uncertainty coming out of Washington …the more uncertainty globally; the better it is for commodities and tangible assets overall.’ April Comex gold futures managed to move 0.24% higher Tuesday, last trading at $1,235 an ounce.

Categories: Economy, REAL Money

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