Gold’s path higher is a bumpy road – TD Securities

Rising optimism in financial markets and deflationary risks are pushing bond yields higher, which is weighing on the gold market; however, there are still reasons to be optimistic on gold prices in the long-term, according to Bart Melek, head of commodity strategy at TD Securities.
In an interview with Kitco News, Melek said that he continues to expect gold prices to push higher through the rest of the year. However, he warned investors that the road to record highs will be bumpy. (show less)

Rising optimism in financial markets and deflationary risks are pushing bond yields higher, which is weighing on the gold market; however, there are still reasons to be optimistic on gold prices in the long-term, according to Bart Melek, head of commodity strategy at TD Securities.
In an interview with Kitco News, Melek said that he continues to expect gold prices to push higher through the rest of the year. However, he warned investors that the road to record ... (read more)

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