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Outlook for gold: A TFN Smart Trading Video

Posted August 2, 2008

Juan Munoz on TFN Smart Trading Even with declining oil prices, gold prices seem to be holding steady. But will it last? Juan Munoz gives Smart Trading viewers his take.

Watch the video now.

by Laura Cadden, Todays Financial News

Baltimore — (TFN): Judging by media reports, the U.S. economy is in an upheaval. Energy costs are increasing both inflation and unemployment. Real estate valuations are falling and American financial institutions are writing off record losses. It’s no wonder many investors are seeking safe havens in oil and gold; two of the few commodities that have an enormous upside… if you believe newsletter gurus.

But oil prices have recently retreated from the $150 range to around $130. The U.S. dollar, too, has edged off recent lows against the euro and other key currencies. Despite it all, gold has remained at the upper end of its recent price spectrum.

Watch Juan Munoz, editor of ADR Traders, give his take.

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Posted by Laura Cadden · Filed Under Featured Video, Gold and Resources, Videos 

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