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Strategies & Market Trends : Growth stocks with Value

CNBX 0.000300

-25.0%

9:30 AM EST

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To: zx who wrote (3079)	3/16/2016 6:07:14 PM
From: zx	of 3145

Higher rates tend to boost the dollar DXY, -0.94% pressuring dollar-denominated prices for gold, and dull demand for gold, which doesn’t bear a yield. It seems the headwinds for gold may have abated. Earlier this month, the European Central Bank moved to cut negative rates further and expand its asset-buying program, while the Bank of Japan left its monetary policy unchanged and downgraded its view of the economy. “Continued low or negative rates around the world, coupled with a higher-than-usual risk environment, could plausibly nudge gold upwards. “On the other hand, better-than-expected U.S. growth could yet force the Fed’s hand, in which case we would not be surprised to see the metal lose traction” and perhaps even test its December 2015 lows” said Lamb. Prices dipped under $1,050 in December.

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