Gold spent much of September and early October trending down, but this week was different.
The yellow metal was on the rise, and was trading near the US$1,800 per ounce mark midway through the week. At the time of this writing on Friday (October 15) afternoon, it had sunk to around US$1,770.
Market watchers have attributed gold’s mid-week climb to a number of factors, including inflation concerns, a weaker US dollar and lower 10 year Treasury yields. Gold Outlook 2021! Gold In 2021 – Will It Be Another Wild Ride?
What’s Next For The Gold market? Our Exclusive Report Provides You With All The Information Needed To Make An Informed Decision. It’s also worth noting that the US Federal Reserve’s latest meeting minutes were released this week; the minutes, which are from the central bank’s September 21 to 22 meeting, indicate that officials believe tapering of bond purchases should start […]
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content