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Goldplat plc

Gold’s Dip Below $1,300 Is Temporary — Analyst

There is no reason to fear gold’s drop below its key psychological level of $1,300 an ounce, according to one gold bull, who sees the recent sell-off as “short-lived” while projecting stronger demand for gold in 2019.

“Gold has come under marked downward pressure since February 20,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post on Wednesday. “Expect the current consolidation in gold prices to prove short-lived. Investors need more gold to serenely navigate rocky waters this year.”

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.