GoldMining's EVP Jeff Wright: Is Gold's Move Sustainable? Watch These Factors

Gold has made a sizeable move in 2019, and many market participants are now asking whether the yellow metal will be able to maintain its increase — or go further.

Speaking at the Precious Metals Summit in Beaver Creek, Colorado, Jeff Wright, executive vice president of GoldMining, said that his company is cautiously optimistic about the yellow metal's prospect, but does not plan to make any operational changes just yet. 

"People and executives are cautiously optimistic. but at the same time they're also cognizant that we're not quite sure what gold will do in 2020," he said. 

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MARKET SUMMARY

INDICES

Name Last Change
DOW 26770.20 0.96%
S&P 500 2986.20 0.39%
NASDAQ 8089.54 0.83%
TSX 16377.12 0.30%
TSX-V 542.43 0.00%

Resource Commodities

Name Last Change
Gold 1490.25 0.18%
Silver 17.53 0.06%
Copper 2.63 2.625
Platinum 901.00 0.67%
Oil 53.78 0.28%
Natural Gas 2.32
Uranium 24.88 0.00%