$3,000 is the new normal for gold, says abrdn’s Robert Minter - here’s why | Metals Mine

  • $3,000 is the new normal for gold, says abrdn’s Robert Minter - here’s why

    From kitco.com

    Gold prices are consolidating above $3,300 but are struggling to build new bullish momentum as investors try to get comfortable with these elevated levels. However, one fund manager argues that the value is completely justified. In an interview with Kitco News, Robert Minter, Director of ETF Strategy at abrdn, said that while gold continues to tread water, it is difficult to see any significant weakness as U.S. debt continues to grow out of control. Last week, U.S. debt surpassed a new milestone, exceeding $37 trillion. While the size of the U.S. debt is attracting attention, Minter noted that the U.S. is not alone, ... (full story)

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