Aug 18, 2020 Guest(s): Ole Hansen Head of Commodity Strategy, Saxo Bank
The gold price is managing to hold on to $2,000 an ounce but after last week's sharp selloff the market could use some consolidation to allow investors to get comfortable with current prices, according to one market analyst.In an interview with Kitco News, Ole Hansen, head of commodity strategy at Saxo Bank, said that he is not surprised that gold prices last week saw some of the most intense selling pressure in years; however, he added that the recovery has happened quicker than he initially expected.