The Conversation (0)
Business Insider’s The Gold Report interviewed mining analyst Eric Lemieux about his outlook for the gold market.
Business Insider’s The Gold Report interviewed mining analyst Eric Lemieux about his outlook for the gold market.
The market news is quoted as saying:
The U.S. debt ceiling and credit rating will fuel gold’s price rise to even greater heights. Add in the European bankruptcy threats and you have the catalysts to justify gold’s further appreciation. Demand is largely based upon the view that gold is effectively a monetary instrument and a “valeur refuge” (store of value).
