Plenty of uncertainties to fuel gold demand

Seeking Alpha/Clif Droke/11-26-2019

graphic image of investor holding gold bar with three bears in the background“While gold may continue to languish for a few weeks, the intermediate-term (3-6 month) prospects are still favorable for higher prices down the road. There are simply too many geopolitical uncertainties right now that will prevent investors – retail and institutional alike – from completely liquidating their safe-haven holdings in the metal. Gold’s chief characteristic is as a portfolio anchor against economic or financial market turbulence. A quick perusal of the latest news headlines will easily prove that there’s still plenty of uncertainty around to float gold’s intermediate-term rising trend.”

USAGOLD note:  The latest from Clif Droke  . . . . . He goes on to say that the yellow metal is on track this year for its strongest annual gain in almost a decade.


Image courtesy of Visual Capitalist

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