What really drives the price of gold?

Safe Haven/Kelsey Williams/4-30-2018

“Rather than ‘struggling to compete’ gold was galloping ahead in the face of ever higher interest rates and increasing lack of demand for higher-yielding investments. The higher rates were a reflection of lower prices for bonds and particularly U.S. Treasury securities. The 10-year U.S. Treasury bond yield exceeded 15 percent. Which makes you sort of wonder when you read something like this: ‘Higher rates boost the value of the dollar by making U.S. assets more attractive to investors seeking yield.’”

MK note:  The time to buy gold is when everything appears quiet and there doesn’t seem to be much going on.

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