28.12.2015 - Gold forecasts bearish outcomes for year 2016
The dollar-dominated yellow metal is on its way to represent another bearish year like this one. Gold costs hiked earlier 2015 with an estimate of US$ 1,305 as safe haven flows enhanced the metal after when Swiss National Bank (SNB) unpegged Swiss franc versus Euro. Gold cost dropped off due to several reasons amid which ones are The Federal Reserve’s recent projection to lift rates, geopolitical events in the past years which liberated it as a whole single entity, the monetary policy aimed to less complicate interest rates at record lows for major central banks, and moreover, a drop down in Energy cost range had put in a lot of negative impact on Gold...............................................Full Article: Source
Print