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

Gold’s Next Stop: $1,000 Per Ounce?

Posted on 21 November 2016

While we expected additional weakness in Gold and gold stocks (weeks ago) we did not quite expect the kind of selling the sector experienced in the wake of Donald Trump’s election victory.
The market reacted by sending bond yields dramatically higher which resulted in stronger real interest rates, which is fundamentally negative for precious metals. This has created significant technical damage in the sector and has potentially thrown the 2016 bull off course……………………………………Full Article: Source


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