Gold Will Remain Steady Through the Weekend, All Eyes on Ukraine
While the slowdown in China remains a factor for a boost to gold, Kitco.com's Jim Wyckoff says gold's safe haven appeal is currently adding the most support to its price.
Gold futures are dipping on Thursday as investors grow accustomed to a slowdown in China. Kitco.com senior analyst Jim Wyckoff tells TheStreet's Joe Deaux gold prices likely will hold steady headed into the weekend, saying what happens in the Ukraine will cause traders to pause. While the slowdown in China remains a factor for a boost to gold, Wyckoff says the yellow metal's safe haven appeal is currently adding the most support to the commodity's price.
