Investment expert Ryan McIntyre from the investment firm Sprott warns that gold prices could rise in the near future. In an interview with Investing News Network, McIntyre noted that gold has been recovering since the beginning of March and could reach even higher values, especially if investors in gold ETFs engage in trading.
McIntyre emphasized that despite the recent increase in gold prices, there has been a decrease in gold holdings by global gold ETFs, which he considers an unusual situation. He expects this trend to reverse and contribute to further increasing the already good gains from the price of gold.
In addition, McIntyre recommends investors consider investing in gold stocks, which he believes are lagging behind the price of the metal itself and represent a tactical opportunity. “Now is a great time to invest in gold stocks and take advantage of the low sentiment in the gold mining sector,” said McIntyre.
McIntyre also commented on silver, noting its volatility, which can make investing challenging, but emphasized the importance of patience when investing in this metal.
Source: Investing News Network
This article was based on information and opinions provided by investment expert Ryan McIntyre from the investment firm Sprott in an interview with Investing News Network. Please note that Investing Finance Flash News does not guarantee the accuracy or completeness of the content, and the opinions expressed in this article do not reflect their official position. Readers should conduct their own research before making any investment decisions.
