Jeff Christian On Gold In A Trump World
By GCRU Gold News on Wednesday, November 9 2016, 21:28 - Permalink
Speaking during Reuters' Global Gold Forum webinar, CPM Group’s Jeffrey Christian said he is not surprised that gold did not sustain its overnight gains.
“Our view has been, and continues to be, that the gold price may back off now that the election is behind us,” he said during the webinar Wednesday morning.
At the same time, Christian said the Trump win could likely help boost physical gold demand as well.
“CPM has been involved with groups seeking to broaden the appeal of owning physical gold and silver beyond the 1% of U.S. households that currently own gold. Trump will do more for this push that we probably could hope to achieve,” he said.