“Cryptocurrencies are not going away anytime soon and are part of gold’s problems,” said Mohamed El-Erian, former PIMCO head and chief economic advisor for Allianz, during CME Group’s annual precious metals dinner in New York Thursday. “If you’re in gold, you’ve had a….
(Kitco News) – Even though geopolitical tensions could push gold to much higher levels, currently the precious metal remains overpriced, says one expert. “Gold has the ability to test $1,400 by the year-end,” Barry Canham, CEO of INTL FCStone Commodities DMCC and global….
(Kitco News) – Bitcoin is not a safe haven, gold is. This was famed precious metals expert Jeff Christian’s main message to investors. Instead, the managing director of CPM Group called the leading cryptocurrency the “ultimate fiat currency.” “I don’t know anybody who….
Heightened risk appetite in the marketplace put gold prices under pressure Tuesday, but one analyst says all the uncertainty should continue to support the metal. “Regardless of the short-term losses, the yellow metal remains heavily supported by geopolitical risk and political drama in….
Even if bitcoin – known to some as digital gold – is stealing the metal’s spotlight, one analyst points out that the cryptocurrency has a longs way to go before it catches up to bullion, at least in market cap. In dollar terms,….