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The Gold market is stuck in neutral but there are still plenty of triggers
The gold market is stuck in neutral and could remain there through the rest of the summer as U.S. economic data continues to support the Federal Reserve's monetary policy tightening bias; however, analysts say that near-term weakness could be seen as a buying opportunity as the market waits for a new spark to trigger a broader rally. While the gold market has been fairly resilient, with December gold futures holding support around $1,950 an ounce, analysts said that the precious metal still faces a challenging environment, especially as short-term bond yields continue to yield around 5%. The gold market is seeing its ... (full story)