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Is Time Ripe for Gold Mining ETFs Amid Rising Tensions?

Posted on 08 August 2014

After some smooth trading in the first half of the year, gold has been stuck in a relatively tight range of around $1,300/oz lately. Though strengthening U.S. economic activity and a strong dollar are weighing on the performance of the yellow metal, renewed geopolitical concerns are reinforcing its safe haven appeal across the board.
This is especially true as tensions escalate in Ukraine with increasing Russian military action on the border, aggravating relationship between Russia and the western world on harsher sanctions. The list of woes go on with the Argentina default, a bloody Gaza strip, Iraq violence, Chinese slowdown and a struggling European economy yet again………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38109 posts on Opalesque Commodities Briefing.


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