U.S. gold sector is trading lower, as of the time of writing, Barrick Gold is down more than 2.7%.
According to the 36Kr Finance App, on Friday, the U.S. gold sector is trading lower, as of the time of writing, Coeur Mining (CDE.US) is down over 4%, Barrick Gold (GOLD.US) is down over 2.7%, U.S. Gold Corp (USAU.US) is down 0.79%. Mark Spitznagel, Founder and chief investment officer of Universa Investments, predicts that there will be a 'collapse' in the global market by the end of this year, possibly driven by an economic slowdown. He said: 'Gold will decline, cryptos will fall along with risk assets.' He also added that bonds may be a safe haven. He also expects volatility to increase in the coming months.
