Yellen's dovish tone leads gold buyers back into market, reckons Ford

Published on 17th Mar 2017

Mining Capital's Alastair Ford mulls over the behaviour of the gold price recently in the light of the Fed's small US interest rate rise.
Normally, theoretically, it would be expected that a rate rise would mean lower gold prices, but the increase had been very well trailed in the market, notes Ford.
"So I think any selling  was that likely to happen was already in the market," said Ford, adding that Yellen's commentary was slightly more dovish than many commentators had expected.
"This led the gold buyers back into the market somewhat. They were expecting perhaps a slightly more aggressive programme of interest rate rises," he told Proactive's  Andrew Scott.

Mining
Add to favorites
Share with:

Related Videos

Latest

Media & Publishing
EU response to Brexit is most important, says City Index's Brooks

EU response to Brexit is most important, says City Index's Brooks

Published on 29th Mar 2017
Media & Publishing
'Don't panic about Brexit', says investment director at Architas

'Don't panic about Brexit', says investment director at Architas

Published on 29th Mar 2017

Recommended videos

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082.
You can contact us here.

Choose Proactive Region: