Guy Adami Sees Gold Moving Higher

Guy Adami spoke on CNBC's "Fast Money" about price action in gold on Thursday.

The precious metal moved higher and Adami explained traders believe that gold should do well as the Federal Reserve balance sheet is expanding. He thinks gold wins in this environment and it's just starting.

Adami is optimistic as Newmont Corporation NEM bounced off $41-$42 level, while VanEck Vectors Gold Miners ETF GDX and VANECK VECTORS/JR GOLD MINERS ETF GDXJ moved sharply higher. He feels gold and mining stocks are going to continue its move higher.

If you are interested in gold, you can also check SPDR Gold Trust GLD as a way to get an exposure to gold.