support gold was in 1150 if breaks could fall back to 1100 and 1000 in the short-term targets. With the recovery of the US economy, gold is no longer an attractive investment instrument.
Currently U.S. goverment bond yields begin to rise to the top level of 3%. This indicates that a rate hike could happen anytime. If the interest rates rise, the price of gold and other commodity prices also would potentially weaken. So that in 2014 it’s good start to leave commodities and more focus to stocks
For information, gold is an investment instrument that is commonly used to fight inflation. In a deteriorating economy, the price of gold tends to rise, because the money is printed for the economic recovery so that the price of gold rose. Instead the economy…
Currently U.S. goverment bond yields begin to rise to the top level of 3%. This indicates that a rate hike could happen anytime. If the interest rates rise, the price of gold and other commodity prices also would potentially weaken. So that in 2014 it’s good start to leave commodities and more focus to stocks
For information, gold is an investment instrument that is commonly used to fight inflation. In a deteriorating economy, the price of gold tends to rise, because the money is printed for the economic recovery so that the price of gold rose. Instead the economy…