Kitco News, Released on 12/18/20 $10,000 gold price would mean the end of the financial system, as we know it. Peter Hug, Global Trading Director of Kitco Metals, talks about likely scenarios for inflation, the economy, gold, and silver for 2021. 0:00 – Gold price action 5:37 – Fiscal stimulus 7:45 – Silver price outlook […]
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 […]
Kitco News, Released on 12/1/20 Gold rose 2% on Monday, with silver up 5.5% on the trading session. Peter Hug, global trading director of Kitco News, said that fundamentals line up with this rally. Equities also saw a bounce. Hug said that talks of a new round of fiscal stimulus is adding fuel to the […]
Kitco News, Released on 11/25/20 What is the short-term trend for gold? Is the long-term outlook still positive? How much, if any, of the metals should be in your portfolio now? Peter Hug, global trading director, answers these questions. 0:00 – Gold price short-term outlook 6:35 – Gold price long-term outlook 12:46 – Physical bullion […]
Kitco News, Released on 11/20/20 (Recorded on 11/19/20) Once industrial demand picks up, more tailwinds for silver will push the metal closer to the $35 to $40 an ounce range next year, said Peter Hug, global trading director of Kitco Metals. Peter Hug has been involved in precious metals since 1974. He began gaining first-hand […]
Kitco News, Released on 11/13/20 Peter Hug, global trading director of Kitco Metals, remains constructive on gold and silver long-term, and should the economy improve next year, silver could trade in the $40 range. “On my macro perspective that gold is going to do extremely well in 2021, I think silver at $24 will look […]
Kitco News, Released on 10/30/20 0:00 – Gold price action and trading 4:30 – Monetary policy 9:00 – Gold returning as safe haven? 10:24 – U.S. dollar Gold has rebounded on Friday, up 0.56% as of 2:00 pm EST, while equities indices are falling. Traders should not assume, however, that gold is decoupling from risk […]
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 […]
