Sun, Sep 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price ‘could have some way to fall yet’

Posted on 28 August 2014

Investors should ignore the ‘myths’ that surround gold as an investment and not buy at the current level, despite the fact that the asset class is trading at 33 per cent below its peak valuation of just three years ago, according to Brian Dennehy, managing director of FundExpert.co.uk.
Dennehy remarked, ‘Usually, there is a negative correlation between the performance of the dollar and the price of gold. Many people expect the dollar to start performing better now that tapering is coming to an end, and indeed it already has started to perform better, and generally speaking if the dollar is performing better then the price of gold will usually perform poorly.’ ……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930