Gold Structural Drivers Intact Despite Correction, Analyst Says
Despite a recent correction to the $4,100-$4,200 an ounce region, gold's fundamental drivers remain strong, according to Priyanka Sachdeva of Phillip Nova. Spot gold is currently trading 1.1% lower at $4,118.09 an ounce, but geopolitical uncertainty and Middle East instability continue to underpin the precious metal.