08.11.2016 - Don’t Count Out Gold Just Yet; Contested Clinton Victory Could Drive Gold To $1,350
It’s too soon to discount gold even as prices fall nearly 2% Monday on abating election jitters, according to some analysts. Sunday, the FBI came out and said that after reviewing newly discovered emails, it continues to recommend not pursuing charges against Democratic presidential candidate Hillary Clinton. The news provided some relief for the Clinton campaign, which saw its lead against Republican candidate Donald Trump fall sharply when the FBI first announced the discovery of the emails. Since the FBI’s latest disclosure, there has been a pickup in “risk-on” sentiment that has pushed U.S. equity markets up almost 2% across the board and drove gold prices down, below the key psychological level of $1,300 an ounce.............................................Full Article: Source
Print