Gold: Sees Falling Prices

From dailyforex.com

The gold market continues to see a bit of a change at the moment, as we see the interest rates in America no longer moving things. However, the $4000 level is a massive floor. The gold market gapped lower to kick off the trading session on Thursday, only to turn around and fill that gap, but then started to fall. All things being equal, this is a market that I think continues to see downward pressure despite the fact that interest rates are dropping. That's interesting to me because it is a little bit of a switch in attitude. Recently, we have seen higher rates and lower gold, but now it just seems like lower gold is ... (full story)