قالب وردپرس درنا توس
Home / Business / The price of gold fell, this is the reason and whereabouts of the next step-Gareth Soloway

The price of gold fell, this is the reason and whereabouts of the next step-Gareth Soloway



In The Money Stocks chief market strategist Gareth Soloway (Gareth Soloway) said that investors are dumping lower-yielding assets such as gold to buy volatile securities such as Tesla stock and Bitcoin. But Solover has not yet sold its gold.

Soloway said: “One of the things I say to investors is to persevere. For me, this is a classic retracement. It has already risen a lot and is being sold off.” “Short-term investors Say, when Bitcoin is rising 5% every day, or 1

0% a day, and they are selling gold assets, why should I hold gold?”

Soloway’s comments came when the non-agricultural employment report last Friday showed that the number of unemployed persons reached 140,000 in December, the biggest loss since the pandemic began.

Disclaimer: The views expressed in this article are only those of the author and do not represent the views of the author. Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for reference only. No exchange of commodities, securities or other financial instruments is allowed. Kitco Metals Inc. and the author of this article do not accept liability for loss and/or damage caused by the use of this publication.


Source link