10.04.2013 - Precious metals slump to continue, ETF specialist says
A stronger US economy is seeing interest rates increase and bullion demand plummet, an ETF analyst has said. “Higher interest rates will rise in North America, which means it is likely that precious metals – gold and silver especially – will lose favour among investors,” said Christopher Vecchio, currency analyst for DailyFX.com. Overextended monetary policies in North America will be wound down as a result of economic growth and unemployment rates dipping in the US, he added, which will cause interest rates to rise and the demand for gold as a safe haven to decline...............................................Full Article: Source
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