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Investor Fear Will Drive Gold Higher – Sucden Financial

Growing investor fears will continue to support the gold market with the potential for prices to push 3 percent higher from current levels.

In its quarter metals report, analysts at international brokerage firm Sucden Financial said that they see signs of growing investor confidence in the gold market as prices continue to hold critical support above $1,300 an ounce. April gold futures last traded at $1,311 an ounce, down 0.55% on the day.

 

Altus Strategies PLC (LON:ALS) is a project generator focused on Africa, including projects in the Ivory Coast. Their aim is to deliver superior shareholder returns by cost-efficiently discovering multiple projects simultaneously, prior to entering joint ventures with third parties who fund the next phases of exploration and development. 

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