Sat, Aug 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | ETFs / ETCs more

Precious metals slump to continue, ETF specialist says

Posted on 10 April 2013

A stronger US economy is seeing interest rates increase and bullion demand plummet, an ETF analyst has said. “Higher interest rates will rise in North America, which means it is likely that precious metals – gold and silver especially – will lose favour among investors,” said Christopher Vecchio, currency analyst for DailyFX.com.
Overextended monetary policies in North America will be wound down as a result of economic growth and unemployment rates dipping in the US, he added, which will cause interest rates to rise and the demand for gold as a safe haven to decline………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31