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Gold Will Remain Steady Through the Weekend, All Eyes on Ukraine

August 20, 2023
in Trade Tube
Reading Time: 1 min read
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Gold futures are dipping on Thursday as investors grow accustomed to a slowdown in China. Kitco.com senior analyst Jim Wyckoff tells TheStreet’s Joe Deaux gold prices likely will hold steady headed into the weekend, saying what happens in the Ukraine will cause traders to pause. While the slowdown in China remains a factor for a boost to gold, Wyckoff says the yellow metal’s safe haven appeal is currently adding the most support to the commodity’s price.

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