Brian Dolan, chief market strategist at DriveWealth, was a guest in Benzinga’s PreMarket Prep last week. Among several other issues, including the Federal Reserve and Treasury Yields, the expert went into gold.
Talking about commodities and the wider market, the investor explained that oil was set to decline. “Oil being sold fits in perfectly with perfectly with the whole risk-off environment. It’s also indicative of an overall lower growth and demand outlook,” and that could lead to the whole commodity space coming under pressure. This, of course, would not be supportive for U.S. equities or the energy sector.
/www.benzinga.com/trading-ideas/long-ideas/16/06/8136525/dolan-bullish-on-gold-but-says-be-wary-of-near-term-pullback alt=This Economist Is Bullish On Gold, But Says Be Wary Of Near-Term Pullback>Full story available on Benzinga.com
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