| Gold has stabilised after the weekend's plunge, and Australian gold equities have stabilised with it, but there's more pain to come, say analysts. Bullion was trading at $US1092 on Tuesday afternoon, up from the weekend's low around $US1087.
Just to put that in perspective, on October 28 – less than two weeks ago – bullion was trading at $US1180. That's a decline of nearly 8 per cent. Deutsche Bank analyst Brett McKay said it was "pretty obvious" the likelihood of a US Federal Reserve interest rate rise had prompted the fall. As US interest rates rise, and offer a better return to investors, alternative investments like gold lose their appeal...............................................Full Article: Source
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