viewProactive Group

'Still plenty of buying opportunity for gold' despite Fed rate hike uncertainty'

Mining Capital's Alastair Ford tells Proactive's Andrew Scott that despite gold still being on the slide it could turn at any moment if a trade war boils over .

He says gold has now begun the slow slide that was always inevitable in a rising interest rate environment.

On 28 June the price hit a six month low of US$1,249 per ounce, with further selling pressure likely.

Ford also touches on the Ghana-focused explorer Goldstone Resources Ltd (LON:GRL), as well as Ariana Resources plc (LON:AAU) and Hummingbird Resources PLC (LON:HUM).

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Emperor Energy moving forward with APA Group to deliver gas into the homes...

Emperor Energy Ltd's (ASX:EMP) Carl Dumbrell updates Proactive's Andrew Scott on the plans for its Judith Gas Field in the offshore Gippsland Basin, Victoria. The company's working with APA Group (ASX:APA) on a pre-feasibility study which Dumbrell says will open up access to their processing...

3 hours, 22 minutes ago

2 min read