According to Brien Lundin, editor of the Gold Newsletter, the COVID-19 coronavirus’ impacts will likely be felt more on a mental level than have a long term effect on the market despite a central bank interest rate cut. In regards to the recent dramatic slip the precious metals sector experienced on Friday (February 28), the host of the New Orleans Investment Conference explained that silver faced headwinds on two fronts, one as a safe haven asset amid a liquidity crunch and one as an important raw material in a global economy that is is full of volatility.
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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