Gold prices have hit a critical crossroads, with macroeconomic forces poised to pull the yellow metal in either direction, this according to Peter Hug, Global Trading Director of Kitco Metals.
“I think in the short term, gold is a difficult metal to call at these levels now. I don’t think the Fed is going to drop rates in the short term but I do think that there could be other risks to the Fed policy and that would obviously be if the U.S. stock market started to sell off,” Hug told Kitco News.
