Gold rises but U.S. rate expectations cap gains

Reuters/Maytaal Angel/10-10-17

Gold touched its highest in nearly two weeks on Tuesday, supported by a softer dollar and geopolitical tensions in Spain and North Korea, though gains were capped by expectations of another U.S. interest rate

…Fed funds futures showed traders were pricing in a nearly 90 percent chance of a December rate increase.

PG View: The article also points out that the gold-silver ratio suggests that “silver is undervalued” and that “Silver’s supply and demand dynamics are supportive of
higher prices in light of stagnating mine output and firming industrial demand.”

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