Gold price at risk of dropping.

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Thomas Lawson
192
Thomas Lawson  
Gold could be heading down to lower levels following a hawkish Fed. $1215 is a good target to start buying again. The only risk to the upside is North Korea.
Marco vd Heijden
Moderator
8178
Marco vd Heijden  

Well.

I dont get it...

Isn't the Gold price always at risk of dropping ?

Isn't that what makes the markets work ?

Thomas Lawson
192
Thomas Lawson  
Marco vd Heijden:

Well.

I dont get it...

Isn't the Gold price always at risk of dropping ?

Isn't that what makes the markets work ?

What I mean is the only factor that could cause Gold price to move higher is North Korea missile threat. Otherwise Gold price will drop lower.
Marco vd Heijden
Moderator
8178
Marco vd Heijden  

Do you own a crystal ball ?

Thomas Lawson
192
Thomas Lawson  
Marco vd Heijden:

Do you own a crystal ball ?

Gold price always drops when the US federal reserve raise interest rates. And at the last FOMC meeting Janet Yellen was very hawkish.
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