Aug
01
The Curious Case Of Gold.
At the beginning of the year many market experts expected gold to increase in value given the uncertainty in Europe and China. However, as always gold moves inversely with the state of the US economy. The continued growth of the US economy coupled with the possibility of Federal reserve rising interest rates has seen gold (XAU) decline to its lowest levels in six years. Now Deutsche bank predicts that the fair value of gold is $750 (currently trading at $1100) with only falling oil prices providing support to its price. It remains to be seen just how low the gold price can go.
Find out all the reasons for Deutsche's prediction by reading the full article here.
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