Even though gold is heading for its fifth monthly drop, a high price scenario of above $2,030 an ounce cannot be ruled out this fall, according to RBC Capital Markets.
But since then, gold has fallen from its yearly highs. And that's because the particulars of this type of crisis were negative for the precious metal, Louney explained. "Gold has been stuck. The day-to-day has been defined by expectations versus surprises in response to macro data or Fed speak. That sort of repricing of 50 versus 75-basis-point hikes and how long they last are what drives gold daily," Louney said.
Due to these opposing forces, RBC is pricing in two potential scenarios into the year-end — the middle and the high.
I haven't seen any commentary on what the impact of the new Moscow gold market will be and what the financial impact will be on Comex and LBMA and on gold itself.
Gold
Let’s go gold im counting on you!!!
Jums off a cliff.
4000$ =Small price winter...
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