Gold Price Rally Is “Just A Matter Of Time” – Bloomberg Intelligence

20 May
Kitco News:

 

Fundamentals point to brighter days ahead for gold prices, says Mike McGlone, senior commodity strategist at Bloomberg Intelligence, who noted that a breakout is imminent.

The key factor to watch for is the dollar, he said.

“The key thing I’m watching for is the trade-weighted broad dollar’s peak near its 16-year high, and last year we had the VIX volatility index on an annualized basis bottom,” McGlone told Kitco News. “That process should continue and that puts gold in a pretty strong trajectory higher.”

 

Watch the full interview here