Gold drops below $1000 is a Certainty!

Posted on Posted in Daily Blog Post


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.


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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