Aug 11, 2020 Guest(s): Joe Foster Portfolio Manager
This gold price correction is just a case of price consolidation, and the longer-term bullish picture still remains intact, said Joe Foster, portfolio manager of the VanEck International Investors Gold Fund, who maintains a $3,400 an ounce price target."We've been looking for a pullback in the gold market. Nothing goes straight up forever. We had a very strong run, well over $2,000 an ounce, so we were expecting to see some consolidation in the markets and I think that's what we're seeing today," Foster told Kitco News.