11.10.2016 - Five factors drive the outlook for gold
Investors sitting on a 20% gain so far this year face choice of selling or doubling-down. Has the gold price peaked for the year? The precious metal has just experienced its worst week since June 2013, falling 5 per cent as investors increasingly believe that the Federal Reserve will raise interest rates later this year, bolstering the US dollar. That leaves gold investors sitting on a gain of more than 20 per cent so far this year, facing a choice: should they sell or double-down? Analysts such as Goldman Sachs see the retreat in gold as a buying opportunity. Ongoing economic uncertainty, from signs of latent inflation to a possible Donald Trump presidency, have some investors ready to buy the dip........................................Full Article: Source