| The gold price should recover in February although it has struggled so far this month, INTL FCStone analyst Edward Meir said. Gold came storming out of the gate in 2015, peaking at $1,308 at one point and gaining 10 percent in the first three weeks of January.
“There were lots of economic ‘mini-shocks’ that sparked prices higher, with the most significant being the undoing of the Swiss franc’s three-year peg against the euro,” Meir said in a monthly note on Wednesday. “The backlash this caused has been well documented by now, but what we think is the more important takeaway is just how tenuous central bank policy can be,” he added...............................................Full Article: Source
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