Saxo Bank’s head of commodity strategy Ole Hansen talks us through the positives and negatives of trading gold now and in the weeks and months ahead.

One main reason that the price of the precious metal could rise is the fact that an Increasing amount of sovereign of debt is trading at negative yields, forcing money managers to look for alternatives. 

Hansen also says that gold prices could fall if the US economy improves because this would mean more interest rate rises being priced in, thus making the yellow metal a less attractive asset. He sees key levels as $1,255/oz to the upside and $1,205/oz to the downside.