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Gold - Further to fall?
How much lower will it go? Gold continued to fall on Tuesday, breaking below $1,740 and further losses could be on the cards. The yellow metal has come under significant pressure as central banks have prepared the markets for the end of pandemic era stimulus and even rate hikes as early as next year. Even higher inflation hasn’t tempted traders back in, despite its reputation as a hedge, while yesterday’s bout of risk aversion also did nothing to lift it, quite the opposite. That leaves gold languishing at seven-week lows and it may get worse yet. We have seen a small recovery today but that has only brought it ... (full story)