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Gold market: A ‘contrarian consensus’ developing

Posted on 30 April 2015

Accepted wisdom has it that rising interest rates in a low inflationary environment put pressure on the dollar price of gold as a non-yielding asset class. This time, however, the onset of the new interest rate cycle in the United States is expected to trigger gold price rises. The GFMS Metals Research and Forecasts team at Thomson Reuters has enhanced its suite of products with the launch of its first Quarterly Update and Outlook, supplementing the prestigious annual Gold Survey.
Rhona O‘Connell, Head of the GFMS team, said that “The next move in the gold price is likely to be the result of a complex interplay between competing asset classes. In the short term the price remains under some pressure, but any approach towards $1,100 will be constrained by a growing demand side response………………………………………..Full Article: Source


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