Good night for gold on Friday - up near the US $1340 range - although this week will be interesting with Government shut down threat in the US, typical Italian...

Jordan Eliseo
Jordan Eliseo ABC Bullion

Good night for gold on Friday - up near the US $1340 range - although this week will be interesting with Government shut down threat in the US, typical Italian political madness and of course, at the end of this week, all important US non-farm payroll data. Promises to be a volatile week for all markets. Either way though, ignoring the daily fluctuations, the fundamentals underpinning the precious metal bull market are still in place, portending higher prices in the years (if not months) ahead. Ultra low interest rates, elevated economic uncertainty and money printing will be with us for years to come. Discussed topic on CNBC last week. As Oriel mentioned, they have lots of analysts who are on there who are very bearish on gold. That's music to the ears of any contrarian investor. (VIEW LINK)

Comments

Please sign in to comment on this wire.