Precious metal investments: news, consultancy, trends, reports & more!
HomeMarket WatchHard AssetsInvestor's GuideDownloads

HSBC: Gold Has Room for Further Gains

As published on Kitco Market Nuggets, HSBC affirms that gold could still continue this rally on behalf of the current geopolitical tensions with regard to Syria.

The weaker US dollar index, the higher gold prices and re-emergence of gold's safe haven role are contributing to the rising precious metal prices.

Gold and crude oil are historically correlated. During geopolitical tensions, they rally together.

On Wednesday, Friday 28th, gold has already reached above the 25 $ level. It seems the rally is strong and with ETF-buying intensifying, the 1,500 $ is eyed on mid-term (this year).

comments powered by Disqus

Prime Values on FacebookPrime Values on Twitter

about us    terms of use    privacy policy    disclaimer    partners    advertising    contact us