Weekly Fundamentals - Gold Declined as ECB's Easing Rhetoric Sent EUR Lower, USD Higher
pbcoacherPrecious metals fell across the board with the benchmark Comex contracts for gold and silver losing -1.17% and -2.13% respectively. While occasionally rising above US$ 1300/oz, gold has averaged US$ 1297.5 so far in the second quarter. The occasional rally was mainly driven by escalated tensions in Russia and Ukraine and disappointing US economic data. However, gains usually proved short-lived as the yellow metal’s fundamentals remained worrisome.
Continued here:
Weekly Fundamentals - Gold Declined as ECB's Easing Rhetoric Sent EUR Lower, USD Higher
