-
Fed taper: A nail in gold's coffin?
For gold, which has plunged 27 percent this year and is on track for its worst performance in over two decades, is the Federal Reserve's decision to begin scaling back its stimulus a nail in the precious metal's coffin? The reduction in central bank liquidity has further diminished the risk of inflation, which is negative for the yellow metal, said Daniel Morgan, global commodities analyst at UBS. "I think gold will continue to be under pressure - the reasons to hold gold as a hedge against inflation don't seem to be there," said Morgan, who forecasts gold prices will average $1,200 over the next two years. Central ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 19, 2013 6:36am Dec 19, 2013 6:36am
- Guest
- | IP XX.XXX.103.36
- Comment #2
- Quote
- Dec 19, 2013 7:03am Dec 19, 2013 7:03am
- Guest
- | IP XXX.XXX.36.150
- Comment #3
- Quote
- Dec 19, 2013 7:14am Dec 19, 2013 7:14am
- smokey22
- | Joined Jan 2010 | Status: Member | 19 Comments
- Comment #4
- Quote
- Dec 19, 2013 7:21am Dec 19, 2013 7:21am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #5
- Quote
- Dec 19, 2013 7:51am Dec 19, 2013 7:51am
- Darkforce
- | Joined Feb 2011 | Status: Member | 38 Comments
- Comment #6
- Quote
- Dec 19, 2013 7:53am Dec 19, 2013 7:53am
- Guest
- | IP XX.XXX.90.117
- Comment #7
- Quote
- Dec 19, 2013 12:38pm Dec 19, 2013 12:38pm
- Johno77
- | Joined Jun 2013 | Status: Member | 51 Comments