Fri, May 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

It could be a long summer ahead for gold bulls

Posted on 01 July 2013

Another round of lowered price forecasts for precious metals combined with more outflows from ETFs to spur yet another sell-off for gold and silver. A short-covering rally late in the week recouped some of those losses, but, absent a new catalyst to drive metal prices higher, the trend remains decidedly down as the gold price closed out its worst quarter in more than four decades.
Fears of the Federal Reserve winding down its money printing effort sooner rather than later, rising bond yields, declining inflation expectations, and a stronger dollar were all cited for last week’s decline. Perhaps more importantly, lower prices have not prompted another big surge in physical demand in Asia, traditionally the world’s biggest buyer of gold, and this does not bode well for gold and silver prices over the summer………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 40705 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31