| A spectacular two-week rally. $1234 is the key technical level. Divergences and shifting momentum. Dollar weakness and higher gold. Will the Fed stop the precious rally? Gold had the worst quarter of the year during the three months that ended on September 30. The yellow metal dropped by 4.83% and was down 5.82% for the year.
Gold had many things going against it. A stronger dollar and the general environment of falling commodity prices drove the precious metal lower. However, while gold moved lower, other precious metals did far worse. Silver lost 6.8% of value, and platinum dropped by a whopping 24.8% in 2015. Even palladium was down by 18.47% as of September 30. This meant that gold was the strongest metal in the sector, and when it comes to precious metals, gold continues to shine, on a relative basis...............................................Full Article: Source
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