Recent market statistics show a fundamental decrease in industrial metals and commodities shares, especially in gold rates that have not been witnessed since 2002. Gold is thought to be a ‘fool’s investment’ at the moment with its prices reaching an all-time low, as well as having gold’s biggest fans turning their back on it. However, others believe that in the midst of all the gold drama circling the market right now, there is a gleaming opportunity for investment as Gold is certain to reclaim is former glory eventually.
The price of gold seems to have been dropping steadily since March whilst simultaneously the dollar has been gaining substantial growth. So far it seems that any increase in the US interest rates strengthen the dollar and lead to more fund drainage from commodities and metals.
It is hard to not feel conflicted as the U.S dollar and Gold have always typically moved on opposite sides therefore the sudden drop in the price of gold is a clear indication of market and economic growth in the U.S meaning that the confidence in the currency has risen and is re-opening investment opportunities for those interested in currency trading opposed to those revolved around commodity trading.
Analysts seemed to have ...
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