Peter Hug comments on gold before the much
anticipated ECB meeting and nonfarm payrolls data, both to be later
this week. “It appears that what will happen on Thursday…is that Draghi
will propose some cut in ECB rates, probably not a lot,” Hug says. “If
the ECB lower rates… it will continue to be dollar positive and create
headwinds for the metals.” Hug also comments on silver coin sales as
well as the nonfarm payrolls expected on Friday. “I think the market
will have some reaction if the nonfarm payrolls come out under 250,000,”
he says. “I’m expecting a number north of 275,000.” Tune in now to get
Hug’s ranges for gold & silver as well as hear why he thinks
Europeans may favor leaving the EU. Kitco News, June 3, 2014.
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