Gold futures have seen a moderate uptick in April and have climbed back above $1,300/oz

Jay Soloff

Argonath Financial

Gold futures have seen a moderate uptick in April and have climbed back above $1,300/oz. Is this the start of trend or yet another head fake? The precious metal is up roughly 9% for the year, but it's still 17% lower than it was this time last year. With the US economy showing signs of strength, can gold reach $1,400 and beyond? The short answer... yes. Even as the US economy improves, geopolitical risk is becoming a real concern to investors. Any physical conflict between Ukraine and Russia is certainly going to spark a rush into safe-haven investments such as gold. Plus, Eastern Europe is just one global hot spot among many. Not to mention, demand for gold from Asian countries continues to be very strong. Basically, gold could be in store for an upward trend regardless of the US economy.


3 topics

Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.