29/05/2026
📊📈 KITCO News 🔸🔹Gold is just taking a breath and the race is not over - Midas Discovery Fund’s Winmill 黃金只是短暫喘息,漲勢尚未結束🔹🔸May28, 2026
(Kitco News) - The gold market has taken another hit with prices dropping below $4,500 and testing critical long-term support at its 200-day moving average. Despite the headwinds, one fund manager said that the precious metal’s long-term rally is far from over and higher prices will continue to support the mining sector.
The gold market is seeing short-term selling pressure as growing inflation fears force markets to price potential rate hikes by the end of the year. The threat of higher interest rates raises the opportunity costs of holding a non-yielding asset.
However, in an interview with Kitco News, Tom Winmill, portfolio manager at the Midas Discovery Fund, said that he is looking beyond the short-term weakness as the fundamental drivers behind gold’s rally remain firmly intact, particularly as central banks continue to accumulate bullion and the global economy grapples with mounting structural risks.
“I really don’t see a lot of things that could be bearish for gold in the long-term at this price level,” Winmill said in an interview with Kitco News. “It could be a second wind here for gold.”......
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https://www.kitco.com/news/article/2026-05-28/gold-just-taking-breath-and-race-not-over-midas-discovery-funds-winmill
By Neils Christensen
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco. The author has made every effort to ensure accuracy of information provided; however, neither Kitco nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
(Kitco News) - The gold market has taken another hit with prices dropping below $4,500 and testing critical long-term support at its 200-day moving average. Despite the headwinds, one fund manager said that the precious metal’s long-term rally is far from over and higher prices will continue to su...