Gold Price Sideways Trend Not Cause for Concern: Russo

Sean Russo, managing director of Noah's Rule, has stated that a period of rest and recuperation in the gold price is not something to fear. He believes that this trend could be beneficial for the sector.

Russo made these comments while referring to the past 'dirty' nature of the gold market. The industry has shed its tainted reputation, but Russo suggests that a modest correction or 'rest and recuperation' period in gold pricing may be on the horizon.

The current sideways trend in gold prices may seem unsettling, but Russo views it as an opportunity for the sector to recover from past issues.