Will September Be Bullish For Gold? — September 3, 2013

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Kitco’s Peter Hug is back to talk about Syria and what this means for gold as everyone awaits the congressional vote on whether to give Obama the green light. “I’m not convinced that Obama is going to get the approval he is looking for to do the surgical strike,” Hug says. He also talks about South African strikes and job numbers coming out on Friday. With regards to the strikes, Hug says this will be bullish for the precious metals sector. “I remain price positive on platinum, palladium and rhodium,” Hug added. When asked about the BOE & ECB meetings on Thursday, Peter says he doesn’t think there will be any event occurring that will be negative for the metals from an interest rate and monetary policy point of view. Tune in now to hear Hug’s take on the metals markets. Kitco News, September 3, 2013.

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