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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s