Gold has been under selling pressure over 2013. The sharp selloff since mid-April has intensified such a trend and is a result of ETF selling and a stronger US dollar. The surge in gold investment through ETFs over the past few years was driven by the desire to hedge the systemic financial risk during the global financial crisis. Recent decline is a signal that this kind of demand has declined.
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Gold Prices Remain Weak while Crude Oil Climbs Higher ahead of US Data
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