Gold price dips below $1200 – is the rally now over? – The Week UK
The Week UK |
Gold price dips below $1200 – is the rally now over?
The Week UK If rates rise, the opportunity cost of holding non-yielding gold increases, while a rise in the dollar that tends to follow would make the metal more expensive overseas and weigh on demand. Also, as a hike would reflect positive economic performance … Gold hits 3-1/2 month low on firmer dollar after Yellen comments Gold hovers above $1200-an-ounce after Yellen drops heavy hints on rate increases Gold price dips below $1200 |
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