Gold is witnessing a regime change as new factors drive bullion price – RBC’s Joseph Wu
(Kitco News) – Since the longstanding inverse relationship between gold and real interest rates has broken down, the yellow metal’s price moves are increasingly driven by different forces, according to Joseph Wu, Vice President and Portfolio Manager at RBC Wealth Management.
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Summer doldrums are hitting gold, prices could remain below $3,300 next week(Kitco News) - Low trading activity, easing economic fears, and reduced geopolitical tensions are taking their toll on gold and silver as prices test key support levels. However, sovereign debt concerns and ongoing central bank demand are expected to limit the downside through the summer.
