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Gold has peaked; it’s all downhill from here – ABN AMRO

From kitco.com

The gold market 's struggle since the start of the year in the face of a stronger U.S. dollar and higher nominal yields could be a harbinger of future weak price action in 2021, according to one bank. In a report published Thursday, Georgette Boele, senior precious metals strategist at ABN AMRO, adjusted her outlook for gold, saying that the price has peaked. She noted that gold 's bullish environment has "deteriorated sharply" within the past month. Boele said that she sees the gold market struggling this year as rising inflation will force the Federal Reserve to tighten monetary policy faster than investors ... (full story)

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  • Category: Fundamental Analysis