After breakdown of level of $1300, gold is almost unceasing grew within two weeks. Terrifying falling of actual interest rates (profitableness over the inflation, accessible to the bonds protected from inflation) was one of key events this week. It assumes that all it in a greater degree was hedging from inflation risks of investors, with a market estimation on inflation acceleration. As we discussed last week, falling of actual interest rates was one of the most key supports for gold, so, despite recoil on gold yesterday, support continues to remain strong.
Translate this page
