-
Gold Continues to See Reactions to Rates in the US
The gold market has rallied nicely on Tuesday, as traders are looking to determine whether or not rates will drop in the US, allowing them to push the gold market higher. The gold market has rallied pretty significantly during the trading session on Tuesday as we have seen rates drop again and there are signs that perhaps the Iranians are thinking about peace as well. If that is the case it probably cools off the interest rate situation in the United States and other economies and therefore allows gold to rally. I do think this is a market that has been trying to break out for a while, so we are in the middle of ... (full story)