Weaker Dollar Not Likely to Make Gold an Attractive Asset

A Weaker Dollar Not Likely to Make Gold an Attractive Asset in a Rising Interest Rate Environment

Article Excerpt: “Last week’s price action highlights one of the major problems with gold this year: the lack of volatility. Several times this year, gold speculators had a chance to take prices substantially higher with event-driven rallies, but each time, the rallies failed.

There are still a host of issues that could move gold higher like the Brexit negotiations, issues with the Trump administration, cyber-attacks and the tensions between the U.S. and North Korea. However, last week’s price action suggests that gold is going to have a hard time rallying in reaction to any of these events if global interest rates continue to rise.”

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