Last Week's Gold Breakout Wasn't "Real" - Bloomberg Intelligence

By Kitco News / October 16, 2018 / www.kitco.com / Article Link

Oct 17, 2018 Guest(s): Andrew Cosgrove Global Head of Metals & Mining Research, Bloomberg Intelligence

Last week's rally in gold was only temporary, and more headwinds lie ahead for the yellow metal, according to Andrew Cosgrove, global head of metals & mining research at Bloomberg Intelligence.
"I don't think this is the real breakout. I don't think this is 'the' [equity] selloff. I do think the dollar has more upside. Because of those two main reasons, I don't think this is the real breakout, but I do think it's definitely carving out a good base," Cosgrove told Kitco News on the sidelines of the Mines & Money Conference in Toronto.

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