27.09.2016 - Gold price: 'Buying fatigue' could be a turning point
Bullish bets on price rising fall as US presidential election and possible interest rates rise add to pressure. Gold could be facing a turning point at the end of what has so far proved to be one of its best years for four decades. The yellow metal, seen as a safe haven in times of economic strife, benefits from low interest rates, which reduce the relative value of other income-yielding assets. Consequently, this year has been one of its most successful since 1980, says Mining.com, with the price up around 26 per cent, or $280, and hitting a two-year high in July of $1,380 an ounce............................................Full Article: Source
Print