Steve Scacalossi, director, head of sales, global metals at TD Securities, warns investors to not jump to quickly into the gold market based on its recent performance. “Having been out the past few days, the one thing that gets me nervous is everyone seems to have the same view – sell euro, sell equities, buy gold. So often the first move of the New Year is the wrong move,” he says. He adds that he expects prices trade within a range between $1,180 and $1,230 an ounce and that investors should wait to determine gold true direction.
