« Gold price has room to move higher, but there is better⭐️ "...
Gold price has room to move higher, but there is better value in mining equities - Franklin Templeton..."
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx/sgld/118603-sabre-gold-drills-4-6-metres-of-16-9-g-t-gold-strengthens-management-team.html
"... "Gold has been performing well, but we still see a number of potential drivers that could move the metal even higher," he said in the report.
Currently, gold prices are testing critical resistance just below $1,950 an ounce.
Looking at the mining sector, Land said that he sees equities undervalued, with companies' valuation multiples being fairly depressed, trading well below average historical levels.
"We might expect this type of trading from highly cyclical businesses when investors feel prices will move lower over the medium term, yet this does not seem consistent with a market in which investors are net buyers of physical gold," Steve Land, portfolio manager at Franklin Templeton said.
https://www.kitco.com/news/2022-03-31/Gold-price-has-room-to-move-higher-but-there-is-better-value-in-mining-equities-Franklin-Templeton.html