Many bulls stories have happened again and again in the gold trade, just in the last year has been talked about massive purchases of gold to increase reserves in a imminent currency war facing a setting dominated by central banks. Stories like the end of in US, the plebiscite of Swiss National Bank for hold at least 20 percent of its 520-billion-franc ($538 billion) in gold , repatriate overseas gold holdings and never sell bullion in the future. Cuts in tariffs on import prices in India, and other more esoteric arguments like factors increasing demand for religious festivals and massive purchases of raw material for the manufacture of luxury IWatch Apple .
Looking ahead, the lack of across the globe, the concerns over the prospects of rising U.S. interest rates that have pushed the dollar to reach a 12-year high, and other factors associated with increased appetite for equities, mean any potential gains that could be for gold short-lived.
As we observed in gold prices is accentuated since March, however, the price drop by overbought of previous months in this year has been higher than in previous years. Only the Sell-off in the US stock market could mitigate some of the selling pressure in the gold market, since gold acts as a safe haven against falling equities.