Peter Hug: Higher yields impacting gold; any relief in sight?

Peter Hug: Higher yields impacting gold; any relief in sight?

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 […]

What gold price needs to break out of its range – Peter Hug

What gold price needs to break out of its range – Peter Hug

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 […]

Why #SilverSqueeze​ ‘backfired’; price is now collapsing – Peter Hug

Why #SilverSqueeze​ ‘backfired’; price is now collapsing – Peter Hug

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 […]

Peter Hug: Can silver be short-squeezed to $1,000?

Peter Hug: Can silver be short-squeezed to $1,000?

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 […]

Why gold is still falling, despite stimulus and weak economic data – Peter Hug

Why gold is still falling, despite stimulus and weak economic data – Peter Hug

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 […]

Georgia Runoffs result will have this impact on gold – Peter Hug

Georgia Runoffs result will have this impact on gold – Peter Hug

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 […]

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