There is No Reason to Sell Gold as Prices Can Move to $1,850 – London Capital Group

from Kitco NEWS

Solid support in the marketplace due to inflation concerns and geopolitical uncertainty will help push gold prices through $1,800 an ounce, according to one market analyst.

In an interview with Kitco News, Jasper Lawler, head of research at London Capital Group, said that he thinks gold prices will continue to “meander higher” to $1,850 an ounce before investors start looking at and thinking about significant profit taking.

“There’s no a big catalyst to sell gold,” he said. “You still need it for these underlying reasons as a hedge looking towards inflation and political uncertainty.”

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