Panmure Gordon is more negative about the prospects for gold and silver than many commentators. However, it has identified two picks in the AIM gold mining sector.
Following the US Presidential election the gold price fell by up to 10% and it has generally been trading in the $2,600-$2,700/ounce following a US interest rate cut. The current price is $2,704.52/ounce.
Panmure Liberum is neutral on gold and silver. The broker says that there are two main price drivers for the metals. The first is President Trump’s expansion policies, which create uncertainty, and the other is China buildin...