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Market Outlook: Gold pulls back after record rally as U.S. debt fears keep bullish case intact
Gold prices retreated after hitting record highs earlier this week, as investors took profits following a sharp rally driven by U.S. credit fears and geopolitical tensions. Despite the pullback, expectations of lower interest rates and persistent deficit spending in Washington continue to support long-term demand for the metal. BNN Bloomberg spoke with Thomas Winmill, portfolio manager at Midas Discovery Fund, about whether gold’s rally can endure, why mining stocks may outperform bullion, and how investors can position for further gains in the sector. ROGER: Let’s take a look at how the markets are performing ... (full story)
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