Gold’s momentum is likely to continue, due to renewed volatility in the stock markets, said Will Rhind, CEO of GraniteShares.
“I think that [stock market volatility] is one of the major catalysts that we’ve been waiting for in order to see gold prices increase beyond the trading range that we’ve been stuck in for the last couple of months,” Rhind told Kitco News.
Rhind noted that investment demand for physical gold is on the uptrend.
“I like what’s happening in gold right now. I like what’s happening in platinum and precious metals more broadly, and in commodities across the entire complex,” he said. “This is what we’ve been looking for for the last few years in terms of the ingredients for a positive market in commodities.”
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Is Gold Set For A Breakout? – GraniteShares CEO