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.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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 maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
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
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
Comments
Comments
Sign In or Join Free to comment