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Gold in a bear hug: US recovery, stronger dollar to temper prices

Posted on 16 August 2013

The price of gold has been falling amid expectations of a US economic recovery and a stronger dollar. Domestically, too, gold prices have been falling. And this trend will continue for some time more, analysts said.
“Gold prices are under pressure and trading in range of $1,270 (Rs 77,470) to $1,350 (Rs 82,350) on speculation that the US Federal Reserve will start tapering its bond buying programme from September,” said Renisha Chainani, commodity analyst, Edelweiss Financial Services……………………………………….Full Article: Source


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