Commodity Trade Mantra

Posts Tagged ‘Precious Metals Funds’

The 3 Drivers Sending Gold Prices To Multi Year Lows

Gold prices have traded down for 10 straight sessions to end the week at $1,099 per ounce, its lowest point in more than five years. Gold stocks, as expressed by the XAU, have also tumbled. Besides apparent price manipulation, other factors are affecting gold’s behaviour right now, three in particular. Meanwhile, the slump in gold prices has accelerated retail demand.

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