Wednesday, December 14, 2016

Still Bearish On Gold

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*Gold has three things working against it, growth, inflation and rising rates.

*Typically inflation should help gold but with rates coming off record lows money can continue to leave gold.

*Today's Fed meeting could also affect gold negatively.

Gold typically is an inflation hedge. We've written that inflation is a gold risk because inflation will drive interest rates higher. Interest rates coming off their record lows can reverse a key catalyst that had been driving gold higher. Now with growth, inflation and rates on the rise gold holders have better paying alternatives. That can cause gold to continue to sell off.
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Source: Interactive Brokers

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