Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Why gold price could retest $1,400 before renewed momentum

Monetary policy remains the driving force behind more momentum in precious metals , but gold prices may not see linear growth, said Ian Ball, CEO of Abitibi Royalties.

“I think gold is going to go higher, but it’s not going to go in a straight line. I wouldn’t be surprised if we retest $1,400 or lower because you have to consolidate, but what’s going to be the driver is going to be U.S. monetary policy,” Ball told Kitco News.