Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

“Serious damage” to emerge; gold prices yet to show true colors

Economic data has not yet reflected the true scale of the economic disaster we are facing, but as numbers come out in the coming weeks, a risk-off sentiment could ensue, this according to Jim Wyckoff, senior analyst at Kitco.

“We have big risks still ahead for the U.S. economy and for other economies around the world,” Wyckoff told Kitco News. “We are going to start to see economic data in the U.S. and in Europe show up that’s going to be really staggering, to remind us how serious the damage has been done to the global economy.”