Gold price outlook

 

According to MKS PAMP metals strategist Nicky Shiels, the market is shifting as inflation fears give way to recession fears, with equity investors preferring cash to safe havens like gold. 

Gold’s volatility has been low in comparison to other assets, as the precious metal maintains its “mild bull market” status and trades comfortably between $1,800 and $1,900 per ounce. According to MKS PAMP, a gold price rally will not occur until market confidence returns. 

There has been unprecedented damage in equities (and other assets) where money has retreated into cash/US$, and less so in safe havens. Confidence must be restored.

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EDGE-FOREX 

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