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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Short term still very bearish for precious metals

Posted on 08 July 2013

A stronger U.S. dollar and surging long-term bond yields pressured gold and silver prices again last week as early gains quickly turned into losses after Friday’s better-than-expected labor report.
An improving U.S. jobs market makes it more likely the Federal Reserve will begin to “taper” its massive $85 billion per month bond buying program in the months ahead and this was a decidedly negative development for precious metals………………………………………..Full Article: Source


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