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Are gold dips worth buying?

From blog.hycmlab.com

Gold has been pressured recently by USD gains, and rising real yields. This has resulted in gold pulling back recently from recent highs and moving back towards key daily support levels. Many analysts are expecting the case to remain bullish for gold. With US rates expected to fall, STIR markets seeing two rate cuts this year, and yields also expected to fall the dip seems attractive fundamentally. Furthermore, there is an interesting seasonal pattern to be aware of for gold. Over the last 15 years, between July 24 and Sep 3, gold has gained 80% of the time for an average return of 3.30%. July and August tend to be ... (full story)

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  • Category: Fundamental Analysis