Amy Gower Says Gold Faces Rate and Dollar Headwinds
Amy Gower said gold is facing significant near-term pressure from rising long-dated bond yields and a stronger dollar, noting that as a nonyielding asset it becomes less attractive when investors can earn higher returns elsewhere. Even so, she argued that gold remains well supported because the metal is still trading above $4,000 an ounce, suggesting other forces are offsetting those headwinds.…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
