2015 Likely to Mark the End of the Bear Cycle for Gold
Metal Focus The Gold Focus report argues that gold will continue to face challenges in the near-term, in particular the global macroeconomic backdrop remaining unfriendly towards the metal. The biggest headwind continues to be expectations of US interest rate increases later this year, as other developed economies’ ultra-loose monetary policies (notably the Eurozone’s) remain in place, this helping to drive up the dollar against other currencies. Low inflation, weak commodity prices and strong equities are other factors that should keep gold under pressure.
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