Gold bull sees near-term weakness because the market is 'prematurely pricing in a rate cut'

Metals expert Suki Cooper sees gold prices hitting a speed bump before they can challenge last year's highs.

"We really think it's the market prematurely pricing in a cut for this year," she said Tuesday on CNBC's"Futures Now." She expects gold prices to average $1,285 in the second quarter. Right now, it's trading just above $1,300 an ounce. "We expect gold to end the year on a strong note," she said."It's in the fourth quarter that we'll see gold prices testing the highs that we saw in 2018 and 2017 and potentially matching the highs from five years ago."

I totally Disagree with Suki here... If she thinks the Euro would pick up in the second half of this year, that would mean a rally in the stock markets... likely to be led by the US... But if the US is leading the rally here, how weak would the Dollar be? Her forecast of...

Gold is stupid.

Please! I hope so

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Mexico's 'green gold': The company powering cars with cactus juiceWith climate change top of the agenda in most countries, more people with sharp ideas than ever before are needed to combat global warming. saskboy Tequila? Cool....
Fuente: CNN - 🏆 4. / 95 Leer más »