Why gold price could retest $1,400 before renewed momentum

Monetary policy remains the driving force behind more momentum in precious metals , but gold prices may not see linear growth, said Ian Ball, CEO of Abitibi Royalties.

“I think gold is going to go higher, but it’s not going to go in a straight line. I wouldn’t be surprised if we retest $1,400 or lower because you have to consolidate, but what’s going to be the driver is going to be U.S. monetary policy,” Ball told Kitco News.

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Resource Commodities

Name Last Change
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Copper 2.63 2.625
Platinum 901.00 0.67%
Oil 53.78 0.28%
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Uranium 24.88 0.00%