Peter Hug’s gold price target for Christmas; ‘constructive’ but watch these risks

Kitco News, Released on 12/11/20 Gold has bounced back from its support level of the low $1,800s, and is on track to touch $1,920 by Christmas time, said Peter Hug, global trading director of Kitco News. 0:00 – Fiscal stimulus 5:06 – Equities 7:06 – Gold’s macro drivers 9:28 – Gold price levels to watch […]

Peter Hug: Gold Goes Higher Because More Stimulus Must Come

Kitco News, Released on 10/23/20 The stimulus will happen no matter who wins and that is good for metals and gold, said Peter Hug, Kitco’s head of the precious metal division. Hug spoke to Kitco News Thursday as Republican and Democrat leadership continued negotiating a COVID-19 stimulus package in excess of $2 trillion. Some Republican […]

Peter Hug: Gold price not ‘suppressed’ by spoofing and manipulation, here’s why

Kitco News, Released on 10/9/20 Manipulation of the markets through spoofing distorts prices on a short-term basis, but has very little impact on the long-term trends, said Peter Hug, global trading director of Kitco Metals. “It does distort pricing on a short-term basis, but does it materially hurt a retail investor on a longer trend? […]

Are gold and silver stuck in a range? Peter Hug on catalysts for next big move

Kitco News, Released on 9/17/20 Gold and silver prices have been trading rangebound, but the price patterns suggest that the metals are currently consolidating and are ready to see the next move, said Peter Hug, global trading director of Kitco Metals. “The fact that people are not selling into a market that isn’t as frenetic […]

Why the gold price drop was just more positive news for precious metals – Peter Hug

Kitco News, Released on 8/28/20 (Recorded on 8/27/20) Despite Thursday’s precious metal sell-off, conditions have not changed for gold and silver, said Peter Hug, division head for precious metals at Kitco. Speaking to Kitco News on Thursday, Hug said conditions are positive for gold due to the amount of fiscal support provided by banks. “The […]