Kitco News’ Commodities Confidential is back with CPM’s Jeff Christian talking about gold and some factors that led to higher prices in January. Earlier this month, CPM said gold prices could reach $1,280 while prices could go even higher by early-Feb. or late March.
“We do think we will see $1,320 but it’s probably more likely late March than early February,” he says. Looking over at emerging markets, Christian says monetary authorities are suggesting higher interest rates in EM nations in order to support tumbling currencies.
“I’m not really sure that solves the problem,” he says. Christian adds that the issues in emerging economies will unlikely lead to a ‘full blown crisis.’ Christian also discusses cash crunch concerns in China and the future of Indian gold import restrictions. Tune in now for a more in-depth look into the gold market with Jeffrey Christian. Kitco News, January 29, 2014.
To watch this video please click here.
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