Gold drops below $1000 is a Certainty!

Posted on Posted in Daily Blog Post

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Given the macroeconomic backdrop and the certainty of rate hike, Gold will drop below $1000 soon, probably in October. Continued hawkish comments (low inflation, stronger growth with higher USD) are simply not good for gold prices.

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Monetary policy differentials between Europe and the US are one of the key reasons that USD will continue to go higher causing EURO to drop below parity in 2016

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