Sat, Sep 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Performance more

Why gold is grounded

Posted on 25 February 2013

This ought to be a great time for gold. Interest rates are generally low around the world, and major central banks have quantitative easing programs in place. Those conditions mean gold’s lack of yield is less of an issue, and they usually translate to higher gold prices. Just not now.
Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, says the Federal Reserve is to blame. The meeting minutes released last week showed a hint of hawkish sentiment at the central bank, and she told CNBC’s Melissa Lee that was enough to spook gold buyers since the Fed is “the mainstay behind the higher gold trade.”……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930