Commodity Trade Mantra

Posts Tagged ‘Gold in Dollars’

Gold Rush Will End - Irrespective of Whether Brexit Or Bremain

An “In” vote is seen as quickly unwinding gold’s 5% gain in June, as appetite for risk rises. And while some see a “Leave” result as a risk-off event that could see gold rally, others see lower prices if the dollar rises & oil falls. Gold may also fall as it can be used as a source of cash to cover losses elsewhere. Sharp declines in equities could push investors to liquidate gold positions to free up capital.

An Insight into the Future Price of Gold

Real interest rates are one of the best predictors of the nominal dollar price of gold. When real interest rates are low (or negative), that gives gold a boost. When real interest rates are high, that puts downward pressure on gold. This easily understandable correlation is much stronger than other correlations such as the stock market or economic growth.

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