‘Still going up’: Analyst sees gold-buying trend continuing - BNN Bloomberg
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Article Excerpt
The price of gold hit another record on Monday, as investors continued to search for safe haven assets amid uncertainty in financial markets worldwide, and one analyst says we haven’t seen the end of the buying spree.
“We see the trend of gold still going up very, very strongly,” Martin Pradier, equity research analyst at Veritas Investment Research, told BNN Bloomberg in a Monday interview.
Pradier argued that gold’s recent popularity among retail and institutional investors has coincided with weakness in the American dollar as well as increased concerns around the “huge fiscal deficit” in …
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