Gold Prices Have Cratered

Gold prices rose slightly on Monday, but still hovered around a four-month lows amid a move by investors into higher yielding assets in anticipation of interest rate increases from the world’s major central banks.

Gold has fallen more than 6.7% over the past month, with the bulk of the decline coming in the latter days of June when three of the world’s top central bankers — Janet Yellen, Mario Draghi and Mark Carney — made speeches indicating that interest rates will begin to increase around the world as economies grow and the effects of the financial crisis are finally left behind… Read Full Article


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