Precious metal investing spot gold tested $2

Spot gold tested $2,050 resistance before mild profit-taking set in. Chartists view a clean break above this level as a potential new leg higher in precious metal investing momentum trades. Wheaton is focused on adding additional production capacity from high-quality accretive metals. Its business model focuses on reducing risk while leveraging higher commodity prices. The company continues to add streams which bring immediate production, as well as medium and longer-term growth to its robust portfolio of assets. Gold royalty companies offer investors exposure to gold and silver with the benefits of diversification, lower risk and a steady income stream. Hedge funds have increased net-long positions in gold by 12% over the past fortnight. This positioning data suggests a stronger conviction trade in precious metal investing amid rising recession talk.