Tuesday, August 12, 2014
Retail Sales report due out tomorrow is probably the most important number to come out this week.
Retail Sales report due out tomorrow is probably the most important
number to come out this week. Even if it is better than expected will it
be a drag on the gold price? It is doubtful considering that a stronger
dollar combined with a
strong equity market has not been able to do so. The global political
crisis is what is holding gold above the 1300 level and the situations
are not going away any time soon. Gold looks to be firmly in the bull
camp for now and may lead the way higher if tensions
in the Ukraine or Iraq escalate.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment