In a recent interview with Kitco News, Michael Moor, creator of Moor Analytics, said that he sees more potential for higher oil prices than gold.
He said that he has been bullish on oil since July 2020, after prices rebounded from falling into negative territory for the first time in history.
Looking at the gold market, Moore said that he remains long-term bullish on the precious metal, but he also warns investors of a short-term correction.
He noted that when momentum picks up in gold, the market can be nearly unstoppable.