Gold fell briefly under $4K amid ongoing consolidation, Peter Spina notes

Gold fell briefly under $4K amid ongoing consolidation, Peter Spina notes
Gold price falls below $4K again

Gold prices dipped briefly below $4,000 during continued consolidation after a significant rally earlier this year.

Peter Spina observed that market sentiment remains sour and suggested that conditions may be approaching a point where remaining weaker participants could be forced out. He also highlighted that next week’s FOMC meeting presents continued uncertainties.

Earlier, Peter Spina noted that silver remains a strong buy given rising mining costs. He has also commented on new listings, including Black Mammoth Metals’ recent start of trading on the U.S. Nasdaq. Both developments reflect Spina’s ongoing focus on precious metals sector activity.

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