Gold set to slide a second session as dollar steadies

MarketWatch/Mark DeCambre/06-30-17

Gold prices looked set to notch a second straight decline on Friday, capping an up-and-down week marked by a swift change in global-market sentiment as a world-wide bond rout drove yields higher and diminished appetite for precious metals.

…Metals added to losses after a report showed that the Federal Reserve’s preferred measure of inflation, the price index for personal-consumption expenditures, fell 0.1% in May from the prior month. Excluding the often-volatile categories of food and energy, so-called core prices were up 0.1% in May.

PG View: While there may be some inflation based trades getting unwound, gold has performed exceptionally well during the worst deflationary environments in history.

Share
This entry was posted in Gold News, Gold Views. Bookmark the permalink.

Comments are closed.