Bloomberg carries a piece on gold-price outlook in the coming months, noting that the outlook for the yellow metal remains divided, with the bear trend descending from record high in 2011 still intact, while higher highs, higher lows signal recent rally may have legs.
Key Points:
1. Bearish factors:
- No incentive to hold the precious metal because equities are climbing to records
- Global economy is recovering
- Federal Reserve is so wary of tight labor markets that it has pledged to increase u.s. interest rates further this year
2. Bullish factors:
- Gold is an appealing hedge as long as Donald Trump's presidency remains mired in controversy and legislative gridlock
- And as terrorist attacks and geopolitical tensions heighten risks for other assets
Current Gold Price:
Currently, Gold is
trading at 1,252.06, up + 0.12%, having
posted a daily high at 1,252.47 and low at 1,249.85.
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