KITCO NEWS – With a slew of banks having turned bullish on gold and investors betting on the metal to push higher, could the scale be ready to tip the other way? Although the metal could see consolidation, prices are set to move sideways to higher this year, says Chris Versace, chief investment strategist for Tematica Research. Speaking with Kitco News Thursday, he said he is also not surprised by silver’s run higher, and sees more potential for palladium. Both gold and silver futures managed to hit a two-year high this week, but have since backed down.
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