Kitco News, Released on 3/5/21 The 10-year yield has climbed to 1.56% Friday morning, but can rise to as high as 1.75% before the Federal Reserve steps in to intervene, said Peter Hug, global trading director of Kitco Metals. Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry […]
Kitco News, Released on 2/19/21 0:00 – Gold vs. U.S. dollar 1:21 – Gold sentiment 4:28 – Macroeconomic picture 7:11 – Commodity cycles 8:50 – Warren Buffett liquidating Barrick shares 13:10 – Silver vs gold in 2021 Rising yields and a stronger dollar from earlier this week have put pressure on gold, but the long-term […]
Kitco News, Released on 2/12/21 The current bull market cycle in the metals is far from over, and the Federal Reserve would need to reverse course on monetary policy before we see a top in prices, said Peter Hug, global trading director of Kitco Metals. Peter Hug has been involved in precious metals since 1974. […]
Kitco News, Released on 2/2/21 The silver price dropped 10% on Tuesday as the CME raised margin requirements for silver contracts. Peter Hug, global trading director of Kitco Metals, said that the silver squeeze attempt has now “backfired” as bullion inventories have run dry as a result, and with premiums up and few physical products […]
Kitco News, Released on 1/29/21 Plans to short-squeeze silver to never before seen prices circulated on Reddit. Peter Hug, Global Trading Director of Kitco News, evaluates what it would take, hypothetically, for these plans to come to fruition. Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience […]
Kitco News, Released on 1/22/21 Demand for bars and coins are up, but inflation, a key driver of gold prices, is unlikely to return until the economy opens up, said Peter Hug, director of global trading at Kitco Metals. Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry […]
Kitco News, Released on 1/15/21 Gold’s reaction to bad economic data continues to be weakness; the precious metal is down almost 1% on Friday. Peter Hug, global trading director of Kitco Metals said that it is only a matter of time before the metal reverts course. Peter Hug has been involved in precious metals since […]
Kitco News, Released on 1/5/21 Whether the Democrats or Republicans take the two Senate seats in Georgia will determine how much stimulus the economy will get, said Peter Hug, global trading director of Kitco Metals. Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He […]
