Market Update

The current downward pressure on Gold is due to the Fed still entertaining an interest rate hike in December. If this continues through the holidays we might see more decline in spot prices. During the 4th Quarter lots of good hiring and consumption data may be reported, as it has most years at this time – this may also keep precious metals from rebounding.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s