Thu, Oct 2, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Gold loses haven status; sees waning investor interest

Posted on 07 October 2013

The big news of last week, the US government shutdown, has been engaging the attention of not only politicians but also businesses and markets. The debt ceiling issue is also looming and there is expectation of an agreement on the issue; if achieved it will boost the US business confidence.
As for commodity markets, despite some catalysts for upward price movement, gold has failed to benefit from the shutdown or reassert its haven status. Delayed tapering of QE has also not really benefited the yellow metal. Simply put, investor interest in this commodity has been subdued this year with sluggish demand growth contributing to reduced interest………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37241 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031