Skip to main content

Market Overview

Guy Adami Sees Gold Moving Higher

Share:
Guy Adami Sees Gold Moving Higher

Guy Adami spoke on CNBC's "Fast Money" about price action in gold on Thursday.

The precious metal moved higher and Adami explained traders believe that gold should do well as the Federal Reserve balance sheet is expanding. He thinks gold wins in this environment and it's just starting.

Adami is optimistic as Newmont Corporation (NYSE: NEM) bounced off $41-$42 level, while VanEck Vectors Gold Miners ETF (NYSE: GDX) and VANECK VECTORS/JR GOLD MINERS ETF (NYSE: GDXJ) moved sharply higher. He feels gold and mining stocks are going to continue its move higher.

If you are interested in gold, you can also check SPDR Gold Trust (NYSE: GLD) as a way to get an exposure to gold.

 

Related Articles (GDX + NEM)

View Comments and Join the Discussion!

Posted-In: CNBC Fast Money GoldSector ETFs Commodities Markets Media ETFs

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com