| The way market participants are pricing in U.S. rate hikes seems to be following a similar pattern as it did in June, according to one longtime trend forecaster, and if history repeats itself, gold stands to gain.
“[J]ust as we had forecast back in June that there would be no interest-rate hike despite Yellen’s statement to expect one ‘in the coming months,’ so too we forecast no rate hike until after the U.S. presidential election… if at all this year,” notes Gerald Celente, publisher of the Trends Journal. Gold continues to be sensitive to shifting rate-hike expectations, however, since the weak jobs data from last Friday, prices have recovered...............................................Full Article: Source
|