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Gold could fall to $2,500 before ‘Trump Trade’ euphoria subsides – Nicky Sheils
Gold and silver have struggled in the wake of Donald Trump’s re-election, and with concerns such as the threat of World War III decreasing, one analyst said the bullish case for precious metals is on the back burner until the current market euphoria subsides. Surveying the markets one week after Trump’s Victory, Nicky Shiels, Head of Research & Metals Strategy at MKS PAMP, said that “animal spirits have been reawakened,” highlighting that the “SPX is at $6k, Bitcoin is eyeing $100K, the US$ is flying, while the air has been taken out of precious & commodities, for now.” Shiels underscored the ... (full story)
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- Posted: Nov 13, 2024 7:34pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 292
