01.09.2014 - Gold's Headwinds Now Starting To Fade - Look For Higher Prices Ahead
Positive seasonal factors are now in effect for precious metals and this should help push prices higher in the period ahead. A stronger dollar continues to limit gold and silver price gains, however, a dovish Federal Reserve could cause the dollar rally to reverse course. Safe haven demand remains strong and this too could boost demand precious metals this fall. Gold and silver prices rose together for the first time in seven weeks, but the metals stayed within well-defined ranges during quiet, end-of-summer trading, setting the stage for positive seasonal factors and possibly rising prices in the period ahead. The strengthening dollar continues to be a major impediment to higher metal prices and dollar bearish developments are sorely needed for any sustained gold rally this fall...............................................Full Article: Source
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