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Commodities Briefing - Categorized | Bullion/Gold more

Where is gold headed?

Posted on 23 July 2014

Half way through 2014, markets remain confused where gold prices are headed. Investors are still in dilemma and are now looking at fresh set of factors that will drive the price trajectory for rest of the year. While there was no real sign of sustained economic strength in 2013 for the world economy, just the idea of Federal Reserve in the US may start tapering at some point was enough to send gold bullion prices lower and the “bull run” in gold ended losing around 30 per cent of its value last year.
Investors lean toward gold and other precious metals as a hedge against both a weak dollar and inflation. A tapering of the Federal Reserve’s monetary policy suggests that the US economy is getting stronger………………………………………..Full Article: Source


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VRS - who has written 40108 posts on Opalesque Commodities Briefing.


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