Gold’s Decline Signals End of Chinese Dominance in Financial Markets

Bloomberg reported that, according to the Bank of America Merrill Lynch,  the recent decline in gold price from its peak in 2011 indicates the end of China and emerging countries being at the forefront of financial markets.

As quoted in the market report:

Arguably the gold price then acted as a lead indicator for the great disinflation of the 1980s and ’90s,” the bank wrote. “What the recent major peak in gold prices portends is still open to argument. In all scenarios it’s good for the U.S. dollar.

To view the whole Bloomberg report, click here.