Buying gold is more about market perception of price direction than the metal’s fundamentals, said Chris Brown, senior analyst at Morgans. “I think [gold is] stuck in a trading range from about here up to $1,350 [an ounce]. I don’t think we’re going to see a breakout to the upside, I don’t think we’re going to see a collapse to the downside either,” Brown told Kitco News on the sidelines of the Noosa Mining & Exploration Investment Conference. Brown noted that of all the metals, gold has seen the most volatility and investors should look into buying on the dip.
With Yesterday’s Gold Close Above $1750 These Two Mining Stocks Are A Go – Mike Swanson (04/09/2021)
Interview: Gold’s Technicals & Fundamentals – Jordan Roy-Byrne (04/09/2021)
Sprott Money Precious Metals Projections – Chris Vermeulen (04/08/20210
Some Gold Stocks Are Breaking Out Ahead Of Gold $1750 – Mike Swanson (04/07/2021)