from Kitco NEWS
The gold market is stuck in a channel as it tries to hold its ground around $1,750 an ounce; the spark that could ignite the next phase in the precious metal’s rally could be just around the corner, according to Phillip Streible, chief market strategist at Blue Line Futures.
In an interview with Kitco News, Streible said that momentum in equity markets is providing some competition for gold; however, he added that this enthusiasm could prove to be misplaced.
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?r…
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscriptio…
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.