‘’We see a scenario where gold goes back down towards $4,200’ – RJO’s Pavilonis | Metals Mine

  • ‘’We see a scenario where gold goes back down towards $4,200’ – RJO’s Pavilonis

    From kitco.com

    As the Iran conflict moves through its third week, gold prices continue to hold support near $5000 per ounce. But market participants are still seeking a sense of how long and how broad the war could be, and if they come to believe it will get worse and last longer than the U.S. administration’s six-week estimate, that could spell a significant leg lower for equities and precious metals, according to Daniel Pavilonis, senior commodities broker at RJO Futures. Pavilonis told Kitco News in a recent interview that he expects gold and silver to continue following equities’ lead – which in turn are moving inversely ... (full story)

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