Los Angeles Business Journal
Rosland Capital CEO Marin Aleksov tells TheStreet’s Joe Deaux that deescalation of tensions between Ukraine and Russia takes away a bit of the fear trade for gold, which traders often buy during times of geopolitical uncertainties. Aleksov said this situation is far from resolved and could continue for some time, meaning more volatility in gold prices remain. Gold is heading for a dive of more than 3.5% for the month of May as investors continue to rotate out of the yellow metal and into other asset classes.
Los Angeles Times
“The numbers are not good enough for the economy,” he said. “We’re not creating enough jobs, enough wealth. The last GDP numbers were very bad. There’s a fiscal cliff coming up at the end of the year. We need to do a lot more in order to progress.”