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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Is gold back despite Soros and Paulson selling?

Posted on 22 August 2013

An abatement in the wave of speculative selling pressure is allowing strong demand for physical gold from Asian buyers to assert its influence over the price and there is a growing case to be positive over the prospects of the yellow metal.
However, a number of factors have hurt gold in recent months, not least position liquidation by star traders George Soros and John Paulson. But those are short-term influences. The elephant in the room for gold continues to be the U.S. Federal Reserve’s plans to taper its $85 billion a month bond purchasing program………………………………………..Full Article: Source


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