The Conversation (0)
Gold Investing News reports on the question of gold sustaining a bull run. What has brought on this turmoil? To understand this better, let’s take a look at the varied reasons being bandied around. * The weak US dollar has been a major driver of this year’s surge in the price of gold. However, the …
Gold Investing News reports on the question of gold sustaining a bull run.
What has brought on this turmoil? To understand this better, let’s take a look at the varied reasons being bandied around.
* The weak US dollar has been a major driver of this year’s surge in the price of gold. However, the currency has recently been showing signs of stabilizing, and could be about to turn upward.
* Risk aversion is gradually returning to pre-crisis levels and inflation fears should abate any time soon.
* The recovery from the deep economic crisis has been fast because of the stimulus measures backed by governments. It may not be sustainable in the long-term.
While many analysts suggest demand for gold would wane in the coming months due to the three factors outlined above, a new report from National Bank Financial Group has also given a contrarian view on the world’s most popular precious metal.
For full details of this story, click this link.
Follow developments in resource mining and exploration for free.